Business Solutions's second-quarter 2022 fixed budget performance report for its computer furniture operations follows. The $160,510 budgeted expenses include $106,080 in variable expenses for desks and $19,430 in variable expenses for chairs, as well as $35,000 of fixed expenses. Actual fixed expenses total $36,300.

Business Solutions's second-quarter 2022 fixed budget performance report for its computer furniture operations follows. The $160,510 budgeted expenses include $106,080 in variable expenses for desks and $19,430 in variable expenses for chairs, as well as $35,000 of fixed expenses. Actual fixed expenses total $36,300. Fixed Budget 136 Actual Results 142 Variances 67 75 Desk sales (in units) Chair sales (in units) Desk sales Chair sales Total expenses Income $ 172,720 36,850 160,510 $ 49,060 $ 178,920 42,375 169, 190 $ 52,105 $ 6,200 F 5,525 F 8,680 U $ 3,045 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 BUSINESS SOLUTIONS Flexible Budget Performance Report Flexible Budget Actual Results Variance $ 180,340 $ 178,920 $ 1,420 41,250 42,375 (1,125) 132,510 132,890 (380) Favorable/Unfavorable Unfavorable Favorable Unfavorable Chair sales Variable expenses Contribution margin Fixed expenses Income