Serial Problem Business Solutions LO P1 Business Solutions's second quarter 2018 fixed budget performance report for its computer furniture operations follows. The $164,500 budgeted expenses include $113,600 in variable expenses for desks and $18.900 in variable expenses for chairs, as well as $32,000 fixed expenses. The actual expenses include $33,800 fixed expenses. List fixed and variable expenses separately. Fixed Budget Actual Results Variances 142 148 Desk sales (in units) Chair sales (in units) Desk sales Chair sales Total expenses Income from operations $ 192,400 48.825 $6,380F 5,545F $ 166,02e 35,288 164,500 $ 56,800 $ 59,275 $ 2,475 F 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 S 192.400 40,825 FaylUnt. Unfavorable Favorable Unfavorable Desk sales Chair sales Variable expenses Contribution margin Fibed expenses Income from operations Unfavorable Unfavorable Unfavorable