Serial Problem Business Solutions LO P1 Business Solutions's second-quarter 2018 fixed budget performance report for its computer furniture operations follows. The $158,700 budgeted expenses include $108,800 in variable expenses for desks and $18,900 in variable expenses for chairs, as well as $31,000 fixed expenses. The actual expenses include $32,600 fixed expenses. List fixed and variable expenses separately. Fixed Budget Actual Results Variances Desk sales (in units) Chair sales (in units) 136 142 70 78 $6,560 F 5,730 F 8,960 U Desk sales $180,880 $187,440 Chair sales 39,900 158,700 45,630 167,660 Total expenses 62,080 $3,330 F Income from operations 65,410 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