Homework - flexible budget i 1 10 Business Solutions's second-quarter 2020 fixed budget performance report for its computer furniture operations follows. The $180,680 budgeted expenses include $121,800 in variable expenses for desks and $19,880 in variable expenses for chairs, as well as $39,000 fixed expenses. The actual expenses include $40,900 fixed expenses. List fixed and variable expenses separately. Fixed Budget Actual Results Variances points Desk sales (in units) Chair sales (in units). eBook Desk sales Chair sales Total expenses Income from operations 145 71 151 79 $195,750 38,340 180,680 $202,340 43,845 190,150 $6,590 F 5,505 F 9,470 U $ 53,410 $ 56,035 $2,625 F Print Prepare a flexible budget performance report that shows any variances between budgeted results and actual results. o References BUSINESS SOLUTIONS Flexible Budget Performance Report For Quarter Ended June 30 Flexible Budget Actual Results Variance Fav./Unf. Desk sales $ 203,850 $ 202,340 $ Chair sales 42,660 43,845 1,510 Unfavorable 1,185 Favorable Variable expenses 148,960 149,250 (290) Unfavorable Contribution margin 97,550 Unfavorable Fixed expenses 39,000 Unfavorable Income from operations $ 58,550 Unfavorable