Help me solve. Business Solutions's second$-$quarter $2022$ fixed budget performance report for its computer furniture operations follows. The $$177,300$ budgeted expenses include $$119,880$ in variable expenses for desks and $$21,420$ in variable expenses for chairs, as well as $$36,000$ of fixed expenses. Actual fixed expenses total $$37,200.$

Fixed Budget Actual Results Variances

Desk sales $($in units$)148154$

Chair sales $($in units$)6371$

Desk sales $ $196,840$ $ $203,280$ $ $6,440$ F

Chair sales $36,54042,2455,705$ F

Total expenses $177,300186,5209,220$ U

Income $ $56,080$ $ $59,005$ $ $2,925$ 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.$)$