Business Solutions's second-quarter 2022 fixed budget performance report for its computer furniture operations follows. The $179,080 budgeted expenses include $119,200 in variable expenses for desks and $19,880 in variable expenses for chairs, as well as $40,000 of fixed expenses. Actual fixed expenses total $41,200. Desk sales (in units) Fixed Budget 149 71 Actual Results Variances 155 Chair sales (in units) Desk sales Chair sales $186,250 $ 192,200 79 $ 5,950 F Total expenses 41,180 179,080 Income $ 48,350 47,005 187,800 $51,405 5,825 F 8,720 U $3,055 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 BUSINESS SOLUTIONS Flexible Budget Performance Report Flexible Budget Actual Results Variance Favorable/Unfavorable Desk sales Chair sales Variable expenses Contribution margin Fixed expenses Income