Business Solutions's second-quarter 2022 fixed budget performance report for its computer furniture operations follows. The $175,750...

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Business Solutions's second-quarter 2022 fixed budget performance report for its computer furniture operations follows. The $175,750 budgeted expenses include $126,000 in variable expenses for desks and $13,750 in variable expenses for chairs, as well as $36,000 of fixed expenses. Actual fixed expenses total $37,500. Desk sales (in units) nces Chair sales (in units) Desk sales Chair sales Total expenses Income Fixed Budget Actual Results Variances 150 156 55 63 $ 195,000 32,450 175,750 $201,240 38,115 184,630 $ 6,240 F 5,665 F 8,880 U $ 51,700 $ 54,725 $ 3,025 F Required: Prepare a flexible budget performance report that shows variances between budgeted results and actual results. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) For Quarter Ended June 30 Desk sales Chair sales Variable expenses Contribution margin Fixed expenses Income BUSINESS SOLUTIONS Flexible Budget Performance Report Flexible Budget Actual Results $ 202,800 37,170 Variance Favorable/Unfavorable Unfavorable Favorable Unfavorable Unfavorable Unfavorable Unfavorable Business Solutions's second-quarter 2022 fixed budget performance report for its computer furniture operations follows. The $175,750 budgeted expenses include $126,000 in variable expenses for desks and $13,750 in variable expenses for chairs, as well as $36,000 of fixed expenses. Actual fixed expenses total $37,500. Desk sales (in units) nces Chair sales (in units) Desk sales Chair sales Total expenses Income Fixed Budget Actual Results Variances 150 156 55 63 $ 195,000 32,450 175,750 $201,240 38,115 184,630 $ 6,240 F 5,665 F 8,880 U $ 51,700 $ 54,725 $ 3,025 F Required: Prepare a flexible budget performance report that shows variances between budgeted results and actual results. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) For Quarter Ended June 30 Desk sales Chair sales Variable expenses Contribution margin Fixed expenses Income BUSINESS SOLUTIONS Flexible Budget Performance Report Flexible Budget Actual Results $ 202,800 37,170 Variance Favorable/Unfavorable Unfavorable Favorable Unfavorable Unfavorable Unfavorable Unfavorable