Business Solutions's second quarter 2022 fixed budget performance report for its computer furniture operations follows. The $162.940 budgeted expenses include $110,960 in variable expenses for desks and $17,980 in variable expenses for chairs, as well as $34,000 of fixed expenses. Actual fixed expenses total $35,400. Desk sales (in units) Chair sales (in units) Desk sales Chair sales Total expenses Income Actual Fixed Budget Results 146 Variances 152 62 70 $182,500 $188,480 37,200 162,940 43,050 171,550 $ 5,980 F 5,850 F 8,610 U $ 56,760 $ 59,980 $ 3,220 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.) For Quarter Ended June 30 BUSINESS SOLUTIONS Flexible Budget Performance Report Flexible Budget Actual Results Variance Favorable/Unfavorable Desk sales Char sales Vanable expenses Contribution margin Fixed expenses Income $ 188,480 43,050