Subject: Business Solutions's second-quarter 2020 fixed budget performance report for its computer furniture operations follows. The $171,860budgeted expenses include $113,400 in variable expenses for desks and $23,460 in variable expenses for chairs, as well as $35,000fixed expenses. The actual expenses include $36,600 fixed expenses. List fixed and variable expenses separately.Desk sales (in units)Chair sales (in units)Desk salesChair salesTotal expensesIncome from operationsFixed Budget Actual Results1356914177$180,90036,570171,860$ 45,610$187,53041,965181,590$ 47,905VariancesBUSINESS SOLUTIONSFlexible Budget Performance ReportFor Quarter Ended June 30Flexible Budget Actual ResultsPrepare a flexible budget performance report that shows any variances between budgeted results and actual results.$6,630 F5,395 F9,730 U$2,295 FVarianceFav./Unf.

Name: Subject: Business Solutions's second-quarter 2020 fixed budget perform
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Description: Subject: Business Solutions's second-quarter 2020 fixed budget performance report for its computer furniture operations follows. The $171,860budgeted expenses include $113,400 in variable expenses for desks and $23,460 in variable expenses for chairs

The flexible budget performance report is prepared to analyse the difference between actual and…

Business

Accounting

geted expenses include $113,400 in variable expenses for desks and $23,460 in variable expenses for challs d expenses. The actual expenses include $36,600 fixed expenses. List fixed and variable expenses separately esk sales (in units) hair sales (in units) esk sales Chair sales Total expenses Income from operations Fixed Budget Actual Results Variances 135 69 $180,900 36,570 171,860 $ 45,610 141 77 $187,530 41,965 181,590 $ 47,905 $6,630 F 5,395 F 9,730 U $2,295 F

geted expenses include $113,400 in variable expenses for desks and $23,460 in variable expenses for challs d expenses. The actual expenses include $36,600 fixed expenses. List fixed and variable expenses separately esk sales (in units) hair sales (in units) esk sales Chair sales Total expenses Income from operations Fixed Budget Actual Results Variances 135 69 $180,900 36,570 171,860 $ 45,610 141 77 $187,530 41,965 181,590 $ 47,905 $6,630 F 5,395 F 9,730 U $2,295 F

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter7: The Master Budget And Flexible Budgeting

Section: Chapter Questions

Problem 1E: The sales department of Macro Manufacturing Co. has forecast sales for its single product to be...

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