Business Solutions's second-quarter 2022 fixed budget performance report for its computer furniture operations follows. The $158,940 budgeted expenses include $103,500 in variable expenses for desks and $22,440 in variable expenses for chairs, as well as $33,000 of fixed expenses. Actual fixed expenses total $34,500. Desk sales (in units) Chair sales (in units) Desk sales Chair sales Total expenses Income Fixed Budget Actual Results 138 144 68 76 $182,160 $ 185,640 Variances 38,760 158, 940 44,460 167,980 $ 6,488 F 5,700 F 9,040 U $ 61,980 $ 65,120 $ 3,140 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 Desk sales Chair sales Variable expenses Contribution margin Fixed expenses Income BUSINESS SOLUTIONS Flexible Budget Performance Report Flexible Budget Actual Results Variance Favorable/Unfavorable