Business Solutions's second-quarter 2022 fixed budget performance report for its computer furniture operations follows. The $156,000 budgeted expenses include $108,000 in variable expenses for desks and $18,000 in variable expenses for chairs, as well as $30,000 of fixed expenses. Actual fixed expenses total $31,000. Fixed Budget Actual Results Variances Desk sales (in units) 144 150 Total expenses Income Chair sales (in units) Desk sales Chair sales $ 180,000 $186,000 36,000 156,000 72 80 41,200 163,888 $ 6,000 F 5,200 F 7,880 U $ 60,000 $ 63,320 $ 3,320 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