Business Solutions's second-quarter 2022 fixed budget performance report for its computer furniture operations follows. The $178,470 budgeted expenses include $126,000 in variable expenses for desks and $16,470 in variable expenses for chairs, as well as $36,000 of fixed expenses. Actual fixed expenses total $37,400. Fixed Budget 150 Actual Results 156 Variances 69 Desk sales (in units) Chair sales (in units) Desk sales Chair sales Total expenses Income 61 $ 195,000 35, 380 178,470 $ 51,910 $ 201, 240 41,055 187,500 $ 54,795 $ 6,240 F 5,675 F 9,030 U $ 2,885 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