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Business Solutions's second-quarter 2022 fixed budget performance report for its computer furniture operations follows. The $159,250 budgeted expenses include $109,350 in variable expenses for

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Business Solutions's second-quarter 2022 fixed budget performance report for its computer furniture operations follows. The $159,250 budgeted expenses include $109,350 in variable expenses for desks and $16.900 in variable expenses for chairs, as well as $33,000 of fixed expenses. Actual fixed expenses total $34,800. Fixed Budget Actual Results Variances Desk sales (in units) 135 141 Chair sales (in units) 65 73 Desk sales $172,800 Chair sales Total expenses Income 33,150 159,250 $179,070 38,325 168,440 $ 6,270 F 5,175 F 9,190 U $ 46,700 $ 48,955 $ 2,255 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. Flexible Budget Actual Results BUSINESS SOLUTIONS Flexible Budget Performance Report Variance Favorable/Unfavorable Desk sales Chair sales Variable expenses Contribution margin Fixed expenses Income

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