Business Solutions's second-quarter 2022 fixed budget performance report for its computer furniture operations follows. The $161,620 budgeted expenses include $110,700 in variable expenses for desks and $17,920 in variable expenses for chairs, as well as $33,000 of fixed expenses. Actual fixed expenses total $34,100. Desk sales (in units) Chair sales (in units) Desk sales Chair sales Total expenses Income Fixed Budget Actual Results Variances 135 56 141 64 $ 180,900 $ 187,530 28,560 161,620 33,600 170,610 $ 6,630 F 5,040 F 8,990 U $ 47,840 $ 50,520 $ 2,680 F 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. BUSINESS SOLUTIONS Flexible Budget Performance Report For Quarter Ended June 30 Flexible Budget Actual Results Desk sales Chair sales Variable expenses Contribution margin Fixed expenses Income Variance Favorable or Unfavorable