Business Solutions's second-quarter 2018 fixed budget performance report for its computer furniture operations follows. The $159,800 budgeted expenses include $104,720 in variable expenses for desks and $22,080 in variable expenses for chairs, as well as $33,000 fixed expenses. The actual expenses include $34,100 fixed expenses. List fixed and variable expenses separately.
Fixed Budget Actual Results Variances
Desk sales (in units) 136 142
Chair sales (in units) 69 77
Desk sales $179,520 $186,020 $6,500 F
Chair sales 37,260 42,735 5,475 F
Total expenses 159,800 168,480 8,680 U
Income from operations $56,980 $ 60,275 $3,295 F
Prepare a flexible budget performance report that shows any variances between budgeted results and actual results.
Answers: 1
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Business Solutions's second-quarter 2018 fixed budget performance report for its computer furniture...
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