Business Solutions' second quarter 2012 fixed budget performance report for its computer furniture operations follows. The $156,000 budgeted expenses include $108,000 in variable expenses for desks and $18,000 in variable expenses for chairs, as well as $30,000 fixed expenses. The actual expenses include $31,000 fixed expenses.
|
Fixed Budget
|
Actual Results
|
|
Desk sales (in units)
|
144
|
150
|
|
Chair sales (in units)
|
72
|
80
|
|
Desk sales (in dollars)
|
180,000
|
186,000
|
|
Chair sales (in dollars)
|
36,000
|
41,200
|
|
Total expenses
|
156,000
|
163,880
|
|
Income from operations
|
60,000
|
63,320
|
Prepare flexible budget performance report that shows any variances between budgeted results and actual results. List fixed and variable expenses separately.