Business Solutions's second-quarter 2022 fixed budget performance report for its computer furniture operations follows. The $165,000 budgeted expenses include $112,480 in variable expenses for desks and $13,520 in variable expenses for chairs, as well as $39,000 of fixed expenses. Actual fixed expenses total $41,000. Fixed Budget Actual Results Variances Desk sales (in units) 148 154 Chair sales (in units) 52 60 Desk sales $ 187,960 $ 194,040 $ 6,080 F Chair sales 31,200 36,900 5,700 F Total expenses 165,000 174,040 9,040 U Income $ 54,160 $ 56,900 $ 2,740 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.)