Business Solutions's second-quarter 2020 fixed budget performance report for its computer furniture operations follows. The $171,140 budgeted expenses include $117,030 in variable expenses for desks and $22,110 in variable expenses for chairs, as well as $32,000 fixed expenses. The actual expenses include $33,700 fixed expenses. List fixed and variable expenses separately. Desk sales (in units) Chair sales (in units) Desk sales Chair sales Total expenses Income from operations Fixed Budget Actual Results Variances 141 147 67 75 $ 186,120 $ 192,570 $6,450 F 39,530 45,375 5,845 F 171,140 180,930 9,790 U $ 54,510 $ 57,015 $2,505 F Prepare a flexible budget performance report that shows any variances between budgeted results and actual results. BUSINESS SOLUTIONS Flexible Budget Performance Report For Quarter Ended June 30 Flexible Budget Actual Results Variance $ 194,040 $ 192,570 $ 1,470 44.250 45,375 1,125 Fav./Unf. Unfavorable Favorable Desk sales Chair sales Variable expenses Contribution margin Fixed expenses Income from operations 32,000 33,700 1,700 Unfavorable |