Serial Problem Business Solutions LO P1 Business Solutions's second-quarter 2018 fixed budget performance report for its computer furniture operations follows. The $166,400 budgeted expenses include $107,920 in variable expenses for desks and $18.480 in variable expenses for chairs, as well as $40,000 fixed expenses. The actual expenses include $41.400 fixed expenses. List fixed and variable expenses separately. Fixed Budget Actual Results Variances 148 Desk sales (in units) Chair sales in units) Desk Sales Chair sales Total expenses Income from operations $6.320 F 5,520 F $184,600 31,920 166,400 $50,120 $190,920 37, 440 175,390 $ 52,970 3,990 $2,85er 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. Contribution margin