Business Solutions's second-quarter 2020 fixed budget performance report for its computer furniture operations follows. The $159,370budgeted expenses include $106,650 in variable expenses for desks and $18,720 in variable expenses for chairs, as well as $34,000fixed expenses. The actual expenses include $35,400 fixed expenses. List fixed and variable expenses separately.Desk sales (in units)Chair sales (in units)Desk sales.Chair salesTotal expensesIncome from operationsDesk salesChair salesVariable expensesContribution marginFixed Budget Actual Results Variances13572$170, 10042,480159,370$ 53,210Fixed expensesincome from operations14180$176,25048,400168,050$ 56,600Prepare a flexible budget performance report that shows any variances between budgeted results and actual results.$6,150 F5,920 F8,680 U$3,390 FBUSINESS SOLUTIONSFlexible Budget Performance ReportFor Quarter Ended June 30Flexible Budget Actual Results VarianceFav/Unt.UnfavorableFavorableUnfavorableUnfavorableUnfavorableUnfavorable

The variance is the difference between the standard and actual cost production data. The variance…

Business Solutions's second-quarter 2020 fixed budget performance report for its computer furniture operations follows. The $159,370 budgeted expenses include $106,650 in variable expenses for desks and $18,720 in variable expenses for chairs, as well as $34,000 fixed expenses. The actual expenses include $35,400 fixed expenses. List fixed and variable expenses separately. Desk sales (in units) Chair sales (in units) Desk sales Chair sales Total expenses Income from operations Fixed Budget Actual Results Variances 135 141 72 80 $170, 100 42,480 159,370 $ 53,210 $176,250 48,400 168,050 $ 56,600 $6,150 F 5,920 F 8,680 U $3,390 F Prepare a flexible budget performance report that shows any variances between budgeted results and actual results. BUSINESS SOLUTIONS Flexible Budget Performance Report

Business Solutions's second-quarter 2020 fixed budget performance report for its computer furniture operations follows. The $159,370 budgeted expenses include $106,650 in variable expenses for desks and $18,720 in variable expenses for chairs, as well as $34,000 fixed expenses. The actual expenses include $35,400 fixed expenses. List fixed and variable expenses separately. Desk sales (in units) Chair sales (in units) Desk sales Chair sales Total expenses Income from operations Fixed Budget Actual Results Variances 135 141 72 80 $170, 100 42,480 159,370 $ 53,210 $176,250 48,400 168,050 $ 56,600 $6,150 F 5,920 F 8,680 U $3,390 F Prepare a flexible budget performance report that shows any variances between budgeted results and actual results. BUSINESS SOLUTIONS Flexible Budget Performance Report

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter6: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 1CMA: Taylor Corporation is analyzing the cost behavior of three cost items, A, B, and C, to budget for...

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