Business Solutions's second-quarter 2022 fixed budget performance report for its computer furniture operations folliows. The $174,250 budgeted expenses include $125,330 in variable expenses for desks and $17,920 in variable expenses for chairs, as well as $31,000 of fixed expenses. Actual fixed expenses total $33,000. Required: Prepare a flexible budget performance report that shows variances between budgeted results and actual results. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Apple offers sales price discounts to college students. Apple can use sales variance analysis to assess the effects of these sales discounts. Assumed data for a local college follow. AQ=ActualQuantityAP=ActualPriceSP=StandardPriceSQ=StandardQuantity Required: 1. \& 2. Compute the sales price, sales volume and total sales variances and identify each as favorable or unfavorable