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m Serial Problem Business Solutions LO P1 Business Solutions's second-quarter 2020 fixed budget performance report for its computer furniture operations follows. The $170,540 budgeted expenses include $114,800 in variable expenses for desks and $20,740 in variable expenses for chairs, as well as $35,000 fixed expenses. The actual expenses include $36,900 fixed expenses. List fixed and variable expenses separately. Desk sales in units) Chair sales (in units) Desk sales Chair sales Total expenses Income from operations Fixed Budget Actual Results Variances 140 146 61 69 $183,400 $189,800 $6,4007 35,380 41,055 5,675 F 170.540 180, 450 9,910 U $ 48,240 $ 50, 405 $2,165 look rences Prepare a flexible budget performance report that shows any variances between budgeted results and actual results. BUSINESS SOLUTIONS Flexible Budget Performance Report For Quarter Ended June 30 Flexible Budget Actual Results Variance Fav/Unf. Serial Problem Business Solutions LO P3 10 Santana Rey has found that Business Solutions's line of computer desks and chairs has become very popular, and she is finding it hard to keep up with demand. She knows that she cannot fill all of her orders for both items, so she decides she must determine the optimal sales mix given the resources she has available. Information about the desks and chairs follows. Selling price per unit Variable costs per unit Contribution margin per unit Direct labor hours per unit Expected demand for next quarter Desks $1,074.00 590.00 $ 484.00 4 hours 173 desks Chairs $424.75 250.00 $174.75 3 hours 44 chairs DOR ences Santana has determined that she only has 785 direct labor hours available for the next quarter and wants to optimize her contribution margin given the limited number of direct labor hours available. Required: Determine the optimal sales mix and the contribution margin the business will earn at that sales mix. (Round per unit amounts to 2 decimal places.) Desks Chairs Contribution per direct labor hour Desks Chairs Total Maximum number of units to be sold Hours required to produce maximum units 173 44 For most profitable sales mix Desks Chairs Hours dedicated to the production of each product Total 785 Units produced for most profitable sales Contribution margin per unit Total contribution margin