Business Solutions's second$-$quarter $2022$ fixed budget performance report for its computer furniture operations follows. The $$163,570$ budgeted expenses include $$109,020$ in variable expenses for desks and $$17,550$ in variable expenses for chairs, as well as $$37,000$ of fixed expenses. Actual fixed expenses total $$38,600.$

Fixed Budget Actual Results Variances

Desk sales $($in units$)138144$

Chair sales $($in units$)6573$

Desk sales $ $179,400$ $ $185,760$ $ $6,360$ F

Chair sales $35,75041,2455,495$ F

Total expenses $163,570172,5408,970$ U

Income $ $51,580$ $ $54,465$ $ $2,885$ F

Required:

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

Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.