Business, 19.06.2020 13:57, ausrin8432
Business Solutions's second-quarter 2020 fixed budget performance report for its computer furniture operations follows. The $162,290 budgeted expenses include $113,710 in variable expenses for desks and $14,580 in variable expenses for chairs, as well as $34,000 fixed expenses. The actual expenses include $35,500 fixed expenses. List fixed and variable expenses separately. Fixed Budget Actual Results Variances Desk sales (in units) 137 143 Chair sales (in units) 54 62 Desk sales $ 178,100 $ 184,470 $ 6,370 F Chair sales 27,000 31,930 4,930 F Total expenses 162,290 171,220 8,930 U Income from operations $ 42,810 $ 45,180 $ 2,370 Prepare a flexible budget performance report that shows any variances between budgeted results and actual results.
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