Serial Problem Business Solutions L.O. P1 Business Solutions' second quarter 2012 fixed budget performance report for its computer furniture operations follows. The $168,000 budgeted expenses include $119,000 in variable expenses for desks and $13,000 in variable expenses for chairs, as well as $36,000 fixed expenses. The actual expenses include $37,400 fixed expenses Fixed Budget Results Desk sales (in units) Chair sales (in units) Desk sales (in dollars) A Actual Variances 140 146 52 60 184,800 $ 191,260 $ 6,460 F $ 26,000 $ 30,900 $ 4.900 F $ 168,000 $176,930 $8,930 U $ 42,800 $ 45,230 2430 F Chair sales (in dollars) Total expenses Income from operations 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 (.e., zero variance). Omit the "$" sign in your response.) Desk sales Chair sales Variable expenses F BUSINESS SOLUTIONS Flexible Budget Performance Report For Quarter Ended June 30 Flexible Budget Actual Results Variances $184800 $ 191260 $ 6460 26000 30900 4900 1320000 139530 7530 0 7880082630 38300 36000 37400 1400 0 $ 42800 $ (45230 $ [2430 0 0 Contribution margin Fixed expenses Income from operations 0