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Serial Problem Business Solutions LO P1 Business Solutions's second quarter 2018 fixed budget performance report for its computer furniture operations follows. The $178,760 budgeted expenses

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Serial Problem Business Solutions LO P1 Business Solutions's second quarter 2018 fixed budget performance report for its computer furniture operations follows. The $178,760 budgeted expenses include $126,160 in variable expenses for desks and $18,600 in variable expenses for chairs, as well as $34.000 fixed expenses. The actual expenses include $35,100 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 152 158 62 70 $ 202,160 $288,560 $6,400 F 34,720 40,2se 5,530F 178, 760 187,560 8.800 $ 58,120 $ 61,250 $3,130 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 Favunt Contribution margin

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