Business Solutions's second-quarter 2022 fixed budget performance report for its computer furniture operations follows. The $154,840 budgeted expenses include $100,500 in variable expenses for desks and $15,340 in variable expenses for chairs, as well as $39,000 of fixed expenses. Actual fixed expenses total $40,900. Fixed Budget Actual Results Variances Desk sales (in units) 134 140 Chair sales (in units) Desk sales Chair sales Total expenses $ 178,220 $ 184,800 59 67 31,860 154,840 37,185 163,780 $ 6,580 F 5,325 F 8,940 U Income $ 55,240 $ 58,205 $ 2,965 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.) BUSINESS SOLUTIONS Flexible Budget Performance Report For Quarter Ended June 30 Flexible Budget Actual Results Variance Favorable/Unfavorable Desk sales $ 184,800 Chair sales 37,185 Variable expenses Contribution margin Fixed expenses Income