Serial Problem Business Solutions LO P1 Business Solutions's second quarter 2018 fixed budget performance report for its computer furniture operations follows. The $167.140 budgeted expenses include $113,760 in variable expenses for desks and $16,380 in variable expenses for chairs, as well as $37,000 fixed expenses. The actual expenses include $38,400 fixed expenses. List fixed and variable expenses separately. Fixed Budget Actual Results variances Desk sales (In units) Chair sales in units) 63 Desk sales $ 187,200 $193,500 $6,300F Chair sales 35,919 5,625 F 8,550 u Income from operations $ 55,970 $ 59,345 $3,375 F 144 150 71 41,535 175,690 Total expenses 167, 140 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. Desk sales Chair sales Variable expenses Contribution margin Forced expenses Income from operations