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