Question :
Business Solutions' second quarter 2012 fixed budget performance statement for its computer furniture operations follows. The $178,460 budgeted expenses add $125,460 in variable expenses for desks and $21,000 in variable expenses for chairs, as well as $32,000 fixed expenses. The real expenses include $33,500 fixed expenses.
Fixed Budget Actual Results Variances
Desk sales (in units) 153 159
Chair sales (in units) 60 68
Desk sales (in dollars) $205,020 $211,470 $6,450 F
Chair sales (in dollars) $33,000 $38,420 $5,420 F
Total expenses $178,460 $188,140 $9,680 U
Income from operations $59,560 $61,750 $2,190 F
Purpose a flexible budget performance report that indicates any variances between budgeted results and actual results.