Business Solutions's second-quarter 2022 fixed budget performance report for its computer furniture operations follows. The $171,080 budgeted expenses include $120,960 in variable expenses for desks and $16,120 in variable expenses for chairs, as well as $34,000 of fixed expenses. Actual fixed expenses total $35,700. Fixed Actual Budget Results Variances Desk sales (in units) 144 150 Chair sales (in 52 60 units) $ $ Desk sales 182,880 189,000 $ 6,120 F 28,600 33,900 5,300 F 171,080 180,730 9,650 U Chair sales Total expenses Income Required: $ 40,400 $ 42,170 $ 1,770 F 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 BUSINESS SOLUTIONS Flexible Budget Performance Report Flexible Budget Actual Results Variance Favorable/Unfavorable Variable expenses Contribution margin Fixed expenses Income