Business Solutions's second-quarter 2018 fixed budget performance report for its computer furniture operations follows. The $181,560 budgeted expenses include $123,000 in variable expenses for desks and $18,560 in variable expenses for chairs, as well as $40,000 fixed expenses. The actual expenses include $41,500 fixed expenses. List fixed and variable expenses separately.

	Fixed Budget				Actual Results				Variances
Desk sales (in units)			150				156
Chair sales (in units)			58				66
Desk sales		$	199,500			$	205,920			$	6,420	F
Chair sales			32,480				37,950				5,470	F
Total expenses			181,560				190,880				9,320	U
Income from operations		$	50,420			$	52,990			$	2,570	F

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

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