Business Solutions's second-quarter 2022 fixed budget performance report for its computer furniture operations follows. The $173,220 budgeted expenses include $123,670 in variable expenses for desks and $17,550 in variable expenses for chairs, as well as $32,000 of fixed expenses. Actual fixed expenses total $33,500. Fixed Budget Actual Results Variances Desk sales (in units) 149 155 Chair sales (in units) Desk sales 196,680 $ 203,050 65 73 Chair sales 38,350 Total expenses 173,220 44,165 182,190 $ 6,370 F 5,815 F 8,970 U Income $ 61,810 $ 65,025 $ 3,215 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 204,600 $ 203,050 $ 1,550 Unfavorable 43,070 44,165 1,095 Favorable 148,360 Unfavorable For Quarter Ended June 30 Desk sales $ Chair sales Variable expenses Contribution margin Fixed expenses Income 32,000 Unfavorable Unfavorable Unfavorable