Business Solutions second quarter 2012 fixed budget performance report for its computer furniture operations follows. The $168,000 budgeted expenses include $119,000 in variable expenses for desks and $13,000 in variable expenses for chairs, as well as $36,000 fixed expenses. The actual expenses include $37,400 fixed expenses.

Serial Problem Business Solutions L.O. P1 20 points Business Solutions' second quarter 2012 fixed budget performance report for its computer furniture operations follows. The $168,000 budgeted expenses Include $119,000 In variable expenses for desks and $13,000 in varlable expenses for chairs, as well as $36,000 fixed expenses. The actual expenses Include $37,400 fixed expenses. Fixed Budget Results Desk sales (In units) Chair sales (in units) Desk sales (In dollars) Actual Varlances 140 146 52 60 $ 184,800 $ 191,260 $ 6460 $ 26,000 s 30,900 $4.900 F $ 168,000 $175,930 $8,930 U $ 42,800 $ 45,230 $ 2.430 F Chair sales (In dollars) Total expenses Income from operations Prepare a flexible budget performance report that shows any variances between budgeted results and actual results. List fixed and variable expenses separately. (Input mounts as positive values. Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero varlance). Omit the "$" sign in your response.) BUSINESS SOLUTIONS Flexible Budget Performance Report For Quarter Ended June 30 Flexible Budget Actual Results $ 191260 309001 Varlances $ Desk sales Chair sales Variable expenses Contribution margin Fixed expenses Income from operations $ 45230 $