Business Solutions's second quarter 2016 fixed budget performance report for its computer furniture operations follows. The $160,540 budgeted expenses include $107,440 in variable expenses for desks and $22,100 in variable expenses for chairs, as well as $31,000 fixed expenses. The actual expenses include $32,900 fixed expenses. List fixed and variable expenses separately.

	Fixed Budget		Actual Results		Variances
Desk sales (in units)		136		142
Chair sales (in units)		65		73
Desk sales	$	182,240	$	188,860	$	6,620 F
Chair sales		38,350		44,165		5,815 F
Total expenses		160,540		170,310		9,770 U
Income from operations	$	60,050	$	62,715	$	2,665 F

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

15.00 points Business Solutions's second quarter 2016 fixed budget performance report for its computer furniture operations follows. The $160,540 budgeted expenses include $107,440 in variable expenses for desks and $22,100 in variable expenses for chairs, as well as $31,000 fixed expenses. The actual expenses include $32,900 fixed expenses. List fixed and variable expenses separately. Fixed Budget Actual Results Variances 142 Desk sales (in units) 136 Chair sales (in units) 65 73 s 182,240 s 188,860 6,620 F 38.350 44.165 5,815 F Desk sales Chair sales Total expenses 160,540 170,310 9.770 U 60,050 62,715 2.665 F Income from operations Prepare a flexible budget performance report that shows any variances between budgeted results and actu al results. Answer is not complete BUSINESS SOLUTIONS Flexible Budget Performance Report For Quarter Ended June 30 Flexible Budget Actual Results v unfavorable Desk sales Favorable Chair sales Unfavorable Variable expenses Unfavorable Contribution margin Unfavorable Fixed expenses Unfavorable Income from operations