1 Serial Problem Chapter 23 Business Solutions's second-quarter 2018 fixed budget 2performance report for its computer furniture operations follows. The $156,000 3 budgeted expenses include $108,000 in variable expenses for desks and $18,000 in 4 variable expenses for chairs, as well as $30,000 fixed expenses. The actual expenses 5 include $31,000 fixed expenses. Prepare a flexible budget performance report that 6 shows any variances between budgeted results and actual results. List fixed and 7 8 (Fav 9 Desk Sales units 10 Chair Sales Units 11 Desk Sales $ 12 Chair Sales $ 13 Total Expenses 14 Variable Desks 15 Variable Chairs 16 Fixed 17 18 Income from Ops 19 20 21 variable expenses separately Fixed Budget Actual resultsVariances 150 80 $186,000 $41,200 144 72 $180,000 $36,000 ($6,000) ($5,200 $0 $108,000 $18,000 $30,000 $133,880 $30,000 $63,320 Business Soluttions $7,880 $0 $60,000 ($3,320 lexable Budget Performance Report For Quarter Ended June 30 Flexible Budget 23 24 25 Desk Sales 26 Chair Sales 27 Total Sales 28 Variable expenses 29 30 Chairs 31 Total variable e 32 Contribution Mar 33 Fixed Expenses 34 Income 35 Aerual Results Yariattces Desk enses