Business Solutions's second-quarter 2022 fixed budget performance report for its computer furniture operations follows. The $185,300 budgeted expenses include $127,500 in variable expenses for desks and $23,800 in variable expenses for chairs, as well as $34,000 of fixed expenses. Actual fixed expenses total $35,100. Fixed Budget Actual Results Variances Desk sales (in units) 150 156 Chair sales (in units) Desk sales Chair sales Total expenses Income $ 195,000 37,400 185,300 68 76 $ 201,240 42,940 194,690 $ 6,240 F 5,540 F 9,390 U $ 47,100 $ 49,490 $ 2,390 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 For Quarter Ended June 30 Flexible Budget Actual Results Desk sales Chair sales Variable expenses Contribution margin Fixed expenses Income Variance Favorable/Unfavorable