Business Solutions's second-quarter 2022 fixed budget performance report for its computer furniture operations follows. The $163,970 budgeted expenses include $118,150 in variable expenses for desks and $14,820 in variable expenses for chairs, as well as $31,000 of fixed expenses. Actual fixed expenses total $32,900. 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.)