Business Solutions's second-quarter 2020 fixed budget performance report for Its computer furniture operations follows. The $170,770 budgeted expenses include $112,000 in variable expenses for desks and $22,770 in varlab expenses for chairs, as well as $36,000 fixed expenses. The actual expenses include $37,400 fixed expenses. LIs fixed and varlable expenses separately. Fixed Budget Actual Results Variances Desk sales (in units) 140 146 Chair sales (in units) 69 77 $184,800 36,570 170,770 $191, 260 41,965 180,030 $6,460 F 5,395 F 9,260 U Desk sales Chair sales Total expenses Income from operations $ 50,600 $ 53,195 $2,595 F Prepare a flexible budget performance report that shows any varlances between budgeted results and actual results. BUSINESS SOLUTIONS Flexible Budget Performance Report For Quarter Ended June 30 Flexible Budget Actual Results Variance Fav./Unf.

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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Prepare a flexible budget performance report that shows any variances between budgeted results and actual results.

Business Solutions's second-quarter 2020 fixed budget performance report for Its computer furniture operations
follows. The $170,770 budgeted expenses Include $112,000 in varlable expenses for desks and $22,770 in varlable
expenses for chalrs, as well as $36,000 fixed expenses. The actual expenses include $37,400 fixed expenses. LIist
fixed and varlable expenses separately.
Fixed Budget Actual Results Variances
Desk sales (in units)
Chair sales (in units)
140
146
69
77
$184,800
36,570
170,770
$ 50, 600
$191, 260
41,965
180,030
$6,460 F
5,395 F
9,260 U
Desk sales
Chair sales
Total expenses
Income from operations
$ 53,195
$2,595 F
Prepare a flexible budget performance report that shows any varlances between budgeted results and actual
results.
BUSINESS SOLUTIONS
Flexible Budget Performance Report
For Quarter Ended June 30
Flexible Budget Actual Results
Variance
Fav./Unf.
Transcribed Image Text:Business Solutions's second-quarter 2020 fixed budget performance report for Its computer furniture operations follows. The $170,770 budgeted expenses Include $112,000 in varlable expenses for desks and $22,770 in varlable expenses for chalrs, as well as $36,000 fixed expenses. The actual expenses include $37,400 fixed expenses. LIist fixed and varlable expenses separately. Fixed Budget Actual Results Variances Desk sales (in units) Chair sales (in units) 140 146 69 77 $184,800 36,570 170,770 $ 50, 600 $191, 260 41,965 180,030 $6,460 F 5,395 F 9,260 U Desk sales Chair sales Total expenses Income from operations $ 53,195 $2,595 F Prepare a flexible budget performance report that shows any varlances between budgeted results and actual results. BUSINESS SOLUTIONS Flexible Budget Performance Report For Quarter Ended June 30 Flexible Budget Actual Results Variance Fav./Unf.
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