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Business Solutions's second-quarter 2022 fixed budget performance report for its computer furniture operations follows. The 5172,880 budgeted expenses include $122.180 in variable expenses for desks

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Business Solutions's second-quarter 2022 fixed budget performance report for its computer furniture operations follows. The 5172,880 budgeted expenses include $122.180 in variable expenses for desks and $20.700 in variable expenses for chairs, as well as $30,000 of fixed expenses. Actual fixed expenses total $31,400. Required: Prepare o 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.) 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.)

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