Serial Problem Business Solutions LO P1 Business Solutions's second-quarter 2018 fixed budget performance report for its computer furniture operations follows. The $160,130 budgeted expenses Include $107,030 in variable expenses for desks and $20,100 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. Variances Desk sales (in units) Chair sales (in units) Desk sales Chair sales Total expenses Income from operations Fixed Budget Actual Results 139 145 67 75 $186,260 $ 192,850 34,840 40, 125 160,130 169,450 $ 60,970 $ 63,525 $6,590 F 5, 285 F 9,320 u $2,555 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