Business Solutions's second$-$quarter $2022$ fixed budget performance report for its computer furniture operations follows. The $$175,800$ budgeted expenses include $$115,920$ in variable expenses for desks and $$19,880$ in variable expenses for chairs, as well as $$40,000$ of fixed expenses. Actual fixed expenses total $$41,800.$

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.