Business Solutions's second$-$quarter $2022$ fixed budget performance report for its computer furniture operations follows. The $$169,850$ budgeted expenses include $$120,690$ in variable expenses for desks and $$17,160$ in variable expenses for chairs, as well as $$32,000$ of fixed expenses. Actual fixed expenses total $$34,000.$

Fixed Budget Actual Results Variances

Desk sales $($in units$)149155$

Chair sales $($in units$)5260$

Desk sales $ $201,150$ $ $207,700$ $ $6,550$ F

Chair sales $29,64035,1005,460$ F

Total expenses $169,850179,7209,870$ U

Income $ $60,940$ $ $63,080$ $ $2,140$ F

Required:

Prepare a flexible budget performance report that shows variances between budgeted results and actual results.