1 Serial Problem Business Solutions LUP Business Solutions's second-quarter 2018 fixed budget performance report for its computer furniture operations follows. The $161,670 budgeted expenses include $107,920 in variable expenses for desks and $14,750 in variable expenses for chairs, as well as $39,000 fixed expenses. The actual expenses include $40,400 fixed expenses. List fixed and variable expenses separately. 20 points eBook Desk sales (in units) Chair sales (in units) Desk sales Chair sales Total expenses Income from operations Fixed Budget Actual Results Variances 142 148 59 67 $186,020 $ 192,400 $6,380 F 30,680 35,845 5,165 F 161,670 170,080 8,410U $ 55,030 $ 58,165 $3,135 F Print References Prepare a flexible budget performance report that shows any variances between budgeted results and actual results. BUSINESS SOLUTIONS Flexible Budget Performance Report For Quarter Ended June 30 Flexible Budget Actual Results Variance Fav./Unf. Desk sales Chair sales Variable expenses Contribution margin Fixed expenses Income from operations