Business Solutions’s second-quarter 2020 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. Prepare a flexible budget performance report that shows any variances between budgeted results and actual results. List fixed and variable expenses separately.

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Fixed Budget Actual Results Varlances Desk sales (in units) . Chair sales (in units). Desk sales... Chair sales... Total expenses 144 72 150 80 $6,000 F $180,000 36,000 156,000 $186,000 41,200 163,880 5,200 F 7,880 U $3,320 F $ 63,320 Income from operations. $ 60,000