Business Solutions's second$-$quarter $2022$ fixed budget performance report for its computer furniture operations follows. The $$164,000$ budgeted expenses include $$111,720$ in variable expenses for desks and $$17,280$ in variable expenses for chairs, as well as $$35,000$ of fixed expenses. Actual fixed expenses total $$36,200.$

Fixed Budget Actual Results Variances

Desk sales $($in units$)147153$

Chair sales $($in units$)6472$

Desk sales $ $185,220$ $ $191,250$ $ $6,030$ F

Chair sales $36,48042,1205,640$ F

Total expenses $164,000172,2108,210$ U

Income $ $57,700$ $ $61,160$ $ $3,460$ F

Required:

Prepare a flexible budget performance report that shows variances between budgeted results and actual results. $($Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.$)$