Business Solutions's second-quarter 2022 fixed budget performance report for its computer furniture operations follows. The $159,480 budgeted expenses include $106,260 in variable expenses for desks and $19,220 in variable expenses for chairs, as well as $34,000 of fixed expenses. Actual fixed expenses total $35,500. Fixed Budget Actual Results Variances Desk sales (in units) 1381 144 62 70 Chair sales (in units) Desk sales $172,500 Chair sales Total expenses Income 32,240 159,480 $ 178,560 37,450 168,400 $ 6,060 F 5,210 F 8,920 U $ 45,260 $ 47,610 $ 2,350 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