Business Solutions's second quarter 2016 fixed budget performance report for its computer furniture operations follows. The $156,000 budgeted expenses include $108,000 in variable expenses for desks and $18,000 in variable expenses for chairs, as well as $30,000 fixed expenses. The actual expenses include $31,000 fixed expenses. Prepare a flexible budget performance report that shows any variances between budgeted results and actual results. List fixed and variable expenses separately.

Fixed Budget Actual Results ariances 150 80 Desk sales (in units). Chair sales (in units) Desk sales Chair sales Total expenses Income from operations 144 72 6,000 $6,000 F 36,000 156,000 41,200 163,880 $ 63,320 5,200 F 7.880 U $3,320 F