Business Solutions's second-quarter 2020 fixed budget performance report for its computer furniture operations follows. The $156,000 budgeted expenses include $108,000 in variable expenses for desks and $18,000 in variable expenses for chairs, as well as $30,000 fixed expenses. The actual expenses include $31.000 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 144 150 72 80 $180,000 $186,000 $6,000 F 36,000 41,200 5,209 F 156,000 163,880 7,880 U $ 60,000 $ 63,320 $3,320 F Prepare a flexible budget performance report that shows any variances between budgeted results and actual results. % Answer is complete but not entirely correct. Fav./Unt. Desk sales x BUSINESS SOLUTIONS Flexible Budget Performance Report For Quarter Ended June 30 Flexible Actual Budget Results Variance $ 180,000 X $ 186.000 $ 6,000 X 36,000 X 41,200 5 200 X 126,000 X 132,880 (6,880) 90.000 94,320 4.320 X 30,000 31,000 ( (1,000) $ 60.000 $ 63.320 $ 3.320 X Chair sales Variable expenses Contribution margin Fixed expenses Income from operations oooooo Favorable Favorable Unfavorable Favorable Unfavorable Favorable X Prey 1 of 3 BE Next >