Business Solutions's second-quarter 2022 fixed budget performance report for its computer furniture operations follows. The $172,330 budgeted expenses include $119,280 in variable expenses for desks and $17,050 in variable expenses for chairs, as well as $36,000 of fixed expenses. Actual fixed expenses total $37,900. Fixed Budget Actual Results Variances Desk sales (in units) Chair sales (in units) Desk sales Chair sales Total expenses $ 190,280 $ 196,840 27,500 172,330 142 55 148 63 $ 6,560 F 32,445 182,060 4,945 F 9,730 U Income $ 45,450 $ 47,225 $ 1,775 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