Business Solutions's second-quarter 2022 fixed budget performance report for its computer furniture operations follows. The $166,880 budgeted expenses include $118,080 in variable expenses for desks and $16,800 in variable expenses for chairs, as well as $32,000 of xed expenses. Actual xed expenses total $33,200. Fixed Actual Budget Results Variances Desk sales (in units) 144 150 Chair sales (in units) 55 54 Desk sales m $ 6,120 F Chair sales 29,120 34,240 5,120 F Total expenses 166,880 175,720 8,840 U Income $ 45,120 $ 47,520 $ 2,400 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.) Desk sales Chair sales Variable expenses Contribution margin Fixed expenses Income