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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 $163,820 budgeted expenses Include

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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 $163,820 budgeted expenses Include $111,390 In variable expenses for desks and $19.430 in variable expenses for chairs, as well as $33,000 fixed expenses. The actual expenses Include $34,900 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 141 147 67 75 $184,719 $191,100 $ 6,390 F 37,520 43,125 5,605 F 163,820 173, 230 9,410 $ 58,410 $ 60,995 $2,585 F Prepare a flexible budget performance report that shows any varlances between budgeted results and actual results. BUSINESS SOLUTIONS Flexible Budget Performance Report For Quarter Ended June 30 Flexible Budget Actual Results Variance Fav./Unf. Contribution margin

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