Business Solutions's second$-$quarter $2022$ fixed budget performance report for its computer furniture operations follows. The $$170,020$ budgeted expenses include $$113,880$ in variable expenses for desks and $$19,140$ in variable expenses for chairs, as well as $$37,000$ of fixed expenses. Actual fixed expenses total $$38,500.$

$$ Fixed Budget Actual Results Variances Desk sales $($in units$)146152$ Chair sales $($in units$)5866$ Desk sales $ $191,260$ $ $197,600$ $ $6,340$ F Chair sales $31,90037,2905,390$ F Total expenses $170,020179,2309,210$ U Income $ $53,140$ $ $55,660$ $ $2,520$ 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. Business Solutions's second$-$quarter $2022$ fixed budget performance report for its computer furniture operations follows. The $\backslash$$$170,020$ budgeted expenses include $\backslash (\backslash$$ $113,880\backslash )$ in variable expenses for desks and $\backslash (\backslash$$ $19,140\backslash )$ in variable expenses for chairs, as well as $\backslash (\backslash$$ $37,000\backslash )$ of fixed expenses. Actual fixed expenses total $\backslash (\backslash$$ $38,500\backslash ).$

$\backslash$begin$\{$tabular$\}\{|$c$|$c$|$c$|$c$|\}$

$\backslash$hline & Fixed Budget & $\backslash$begin$\{$tabular$\}\{$l$\}$

Actual $\backslash \backslash$

Results

$\backslash$end$\{$tabular$\}$ & Variances $\backslash \backslash$

$\backslash$hline Desk sales $($in units$)$ & $146$ & $152$ & $\backslash \backslash$

$\backslash$hline Chair sales $($in units$)$ & $58$ & $66$ & $\backslash \backslash$

$\backslash$hline Desk sales & $\backslash$$ $191,260$ & $\backslash$$ $197,600$ & $\backslash$$ $6,340$ F $\backslash \backslash$

$\backslash$hline Chair sales & $31,900$ & $37,290$ & $5,390$ F $\backslash \backslash$

$\backslash$hline Total expenses & $170,020$ & $179,230$ & $9,210$ U $\backslash \backslash$

$\backslash$hline Income & $\backslash$$ $53,140$ & $\backslash$$$55,660$ & $\backslash$$$2,520$ F $\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$

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.

$\backslash$begin$\{$tabular$\}\{|$c$|$c$|$c$|$c$|$c$|\}$

$\backslash$hline $\backslash$multicolumn$\{5\}\{|$c$|\}\{$BUSINESS SOLUTIONS$\}\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{5\}\{|$c$|\}\{$Flexible Budget Performance Report$\}\backslash \backslash$

$\backslash$hline For Quarter Ended June $30$ & Flexible Budget & Actual Results & Variance & Favorable or Unfavorable $\backslash \backslash$

$\backslash$hline Desk sales & & $\backslash$$ $197,600$ & & Unfavorable $\backslash \backslash$

$\backslash$hline Chair sales & & $37,290$ & & Favorable $\backslash \backslash$

$\backslash$hline Variable expenses & $140,340$ & & & Unfavorable $\backslash \backslash$

$\backslash$hline Contribution margin & & & & Unfavorable $\backslash \backslash$

$\backslash$hline Fixed expenses & $37,000$ & & & Unfavorable $\backslash \backslash$

$\backslash$hline Income & & & & Unfavorable $\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$