Business Solutions's second-quarter 2022 fixed budget performance report for its computer furniture operations follows. The $156,000 budgeted expenses include $108,000 in variable expenses for desks and $18,000 in variable expenses for chairs, as well as $30,000 of fixed expenses. Actual fixed expenses total $31,000. Fixed Budget 144 Actual Results 150 Variances Desk sales (in units) Chair sales (in units) Desk sales Chair sales Total expenses Income 72 $ 180,000 36,000 156,000 $ 60,000 80 $ 186,000 41,200 163,880 $ 63,320 $ 6,000 F 5,200 F 7,880 V $ 3,320 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.) BUSINESS SOLUTIONS Flexible Budget Performance Report Flexible Budget Actual Results Variance For Quarter Ended June 30 Favorable/Unfavorable