Business Solutions's second-quarter 2022 fixed budget performance report for its computer furniture operations follows. The $165,380 budgeted expenses include $112,180 in variable expenses for desks and $19,200 in variable expenses for chairs, as well as $34,000 of fixed expenses. Actual fixed expenses total $35,000. Fixed Budget 142 Actual Results 148 Variances 68 Desk sales (in units) Chair sales (in units) Desk sales Chair sales Total expenses Income 60 $ 184,600 30,600 165,380 $ 49,820 $ 190,920 35,700 174,080 $ 52,540 $ 6, 320 F 5,100 F 8,700 U $ 2,720 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 Desk sales Chair sales Variable expenses Contribution margin Fixed expenses Income