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Please answer question. Business Solutions' second quarter 2012 fixed budget performance report for its computer furniture operations follows. The $164,780 budgeted expenses include $114,760 in

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Business Solutions' second quarter 2012 fixed budget performance report for its computer furniture operations follows. The $164,780 budgeted expenses include $114,760 in variable expenses for desks and $18,020 in variable expenses for chairs, as well as $32,000 fixed expenses. The actual expenses include $33,200 fixed expenses Actual Fixed Budget Results Variances 151 53 193,280 Desk sales (in units) 157 Chair sales (in units) Desk sales (in dollars) Chair sales (in dollars) Total expenses Income from operations 61 s 6,110 F 199,390 33,855 s 5,235 F 173,690 s 8,910 U 59,555 s 2435 F s 28,620 164,780 $57,120 Prepare a flexible budget performance report that shows any variances between budgeted results and actual results. List fixed and variable expenses separately. (Input all amounts as positive values. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Omit the "$" sign in your response.) BUSINESS SOLUTIONS Flexible Budget Performance Report For Quarter Ended June 30 Flexible Budget Actual Results Variances $200960|199390 $ | 1570| Desk sales Chair sales Variable expenses 3294033855 915 FC 152260 x Contribution margin Fixed expenses Income from operationsl $1595551

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