Question: 01 Business Solutions second-quarter 2022 fixed budget performance report for its computer furniture operations follows. The $155,670 budgeted expenses include $107,030 in variable expenses for

01 Business Solutions second-quarter 2022 fixed budget performance report for its computer furniture operations follows. The $155,670 budgeted expenses include $107,030 in variable expenses for desks and $16,640 in variable expenses for chairs, as well as $32,000 of fixed expenses. Actual fixed expenses total $33,500. Desk sales (in units) Fixed Budget Actual Results Variances 139 145 64 72 191,400 $6,530 F 43,560 164,210 $ 66,960 $ 70,750 5,000 F 0,540 U $3,790 Chair sales (in units) Desk sales Chair asies Total expenses $ 104,870 37,760 155,670 Prepare a flexible budget performance report that shows variances between budgeted results and actual results. (Indicate the effect ofich variance by selecting favorable, unfavorable, or no variance.) BUSINESS SOLUTIONS Flexible Budget Performance Report For Quarter ended un Flexible Budget Actual Results Variance Favorable/Unfavorable. Desk sales Chair sales Variable expenses Contribution margin Fixed expenses Income

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