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22 May, 10:29

Business solutions's second-quarter 2018 fixed budget performance report for its computer furniture operations follows. the $174,560 budgeted expenses include $115,520 in variable expenses for desks and $19,040 in variable expenses for chairs, as well as $40,000 fixed expenses. the actual expenses include $41,800 fixed expenses. list fixed and variable expenses separately.

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  1. 22 May, 12:57
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    Variable Expenses

    Desk $115,520

    Chairs $19,040

    Fixed cost

    Budgeted $40,000

    Under absorbed $1,800

    Explanation:

    Variable costs are those will vary will the change in sale or activity level e. g material cost, labor cost etc.

    Fixed costs are those which remains fix and does not vary with the change in sale or activity level.
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