es Business Solutions's second-quarter 2022 fixed budget performance report for its computer furniture operations follows. The $172,950 budgeted expenses include $120,350 in variable expenses for desks and $15,600 in variable expenses for chairs, as well as $37,000 of fixed expenses. Actual fixed expenses total $38,500. Desk sales (in units) Chair sales (in units) Desk sales Chair sales Total expenses Income Required: Fixed Budget Actual Results: Variances 145 151 52 60 36,300 182,300 $ 6,110 F 5,620 F 9,350 U $ 41,880 $ 44,260 $ 2,380 F $ 184,150 $ 190,260 30,680 172,950 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 For Quarter Ended June 30 Flexible Budget Desk sales Chair sales Variable expenses Contribution margin Fixed expenses Income Actual Results Variance Favorable/Unfavorable