Business Solutions's second-quarter 2022 fixed budget performance report for its computer furniture operations follows. The $159,320 budgeted expenses include $108,800 in variable expenses for desks and $13,520 in variable expenses for chairs, as well as $37,000 of fixed expenses. Actual fixed expenses total $38,700. Fixed Budget Desk sales (in units). Chair sales (in units) Desk sales Chair sales Total expenses Income Actual Results Variances 136 142 52 60 $ 176,800 27,040 159,320 $ 183,180 32,100 168,300 $ 6,380 F 5,060 F 8,980 U $ 44,520 $ 46,980 $ 2,460 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 For Quarter Ended June 30 Flexible Budget Performance Report Flexible Budget Actual Results Variance Favorable/Unfavorable Desk sales Chair sales Variable expenses Contribution margin Fixed expenses Income