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Business Solutions's second-quarter 2022 fixed budget performance report for its computer furniture operations follow. The $169,760 budgeted expenses include $118,400 in variable expenses for desks

Business Solutions's second-quarter 2022 fixed budget performance report for its computer furniture operations follow. The $169,760 budgeted expenses include $118,400 in variable expenses for desks and $17.360 in variable expenses for chairs, as was $34,000 of fixed expenses. Actual fixed expenses total $35,400 Fixed Budget Desk sales (in units) 148 Actual Results 154 Variances Chair sales (in units) 56 64 Desk sales Chair sales Total exp $198,320 $204,820 56,500 F 30,000 169,760 36,160 178,730 5,360 P 8,970 0 Income $ 59,360 $ 62,250 2,890 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 Flexible Budget Actual Results Variance Favorable Unfavorable For Quarter Ended June 30 Desk sales Chair sales Vanable expenses Contribution margin Faed expenses Income

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