Business Solutions second-quarter 2018 fixed budget performance report for its computer furniture operations follows. The $168,180 budgeted expenses include $112,420 in variable expenses for desks and $21,760 in variable expenses for chairs, as well as $34,000 fixed expenses. The actual expenses include $35,800 fixed expenses. List fixed and variable expenses separately.

Fixed Budget Actual Results Variances

Desk sales (in units) 146 152 Chair sales (in units) 68 76 Desk sales $ 194,180 $ 200,640 $6,460 F Chair sales 34,000 39,140 5,140 F Total expenses 168,180 177,560 9,380 U Income from operations $ 60,000 $ 62,220 $2,220 F

Prepare a flexible budget performance report that shows any variances between budgeted results and actual results.

Note: Please solve the problem completely with details that I can practice and learn. Thank you.