Business Solutions's second-quarter 2022 fixed budget performance report for its computer furniture operations follows. The $188,130 budgeted expenses include $126,990 in variable expenses for desks and $24,140 in variable expenses for chairs, as well as $37,000 of fixed expenses. Actual fixed expenses total $39,000. Fixed Budget Actual Results Variances Desk sales (in units) 153 159 Chair sales (in units) Desk sales Chair sales $ 195,840 $ 201,930 71 79 Total expenses Income 35,500 188,130 40,685 198,180 $ 6,090 F 5,185 F 10,050 U $ 43,210 $ 44,435 $ 1,225 F Required: Prepare a flexible budget performance report that shows variances between budgeted results and actual results. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. BUSINESS SOLUTIONS Flexible Budget Performance Report For Quarter Ended June 30 Flexible Budget Actual Results Desk sales $ 201,930 Chair sales 40,685 Variable expenses Contribution margin Fixed expenses Income 37,000 Variance Favorable or Unfavorable Unfavorable Favorable