Business Solutions's second-quarter 2022 fixed budget performance report for its computer furniture operations follows. The $164,380 budgeted expenses include $105,640 in variable expenses for desks and $20,740 in variable expenses for chairs, as well as $38,000 of fixed expenses. Actual fixed expenses total $39,900. 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.)