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.