Business Solutions's second-quarter 2022 fixed budget performance report for its computer furniture operations follows. The $162,150 budgeted expenses include $110,400 in variable expenses for desks and $15,750 in variable expenses for chairs, as well as $36,000 of fixed expenses. Actual fixed expenses total $37,000. Desk sales (in units) Chair sales (in units) Desk sales Chair sales Total expenses Income Fixed Budget Actual Results Variances 138 144 63 71 $ 178,020 36,540 162,150 $184,320 42,245 170,310 $ 6,300 F 5,705 F 8,160 U $ 52,410 $ 56,255 $ 3,845 r 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.) BUSINESS SOLUTIONS: Flexible Budget Performance Report For Quarter Ended June 301 Flexible Budget Actual Results Variance Favorable/Unfavorable Desk sales Chair sales Variable expenses Contribution margin Fixed expenses Income