Business Solutions's second-quarter 2022 fixed budget performance report for its computer furniture operations follows. The $173,240 budgeted expenses include $116,760 in variable expenses for desks and $24,480 in variable expenses for chairs, as well as $32,000 of fixed expenses. Actual fixed expenses total $33,100. Fixed Actual Budget Results Variances Desk sales (in units) 139 145 Chair sales (in units) 72 80 Desk sales $ 180, 700 $ 187, 050 $ 6, 350 F Chair sales 38 , 160 43 , 600 5, 440 F Total expenses 173, 240 182, 510 9 , 270 U Income $ 45, 620 $ 48, 140 $ 2, 520 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.) BUSINESS SOLUTIONS Flexible Budget Performance Report For Quarter Ended June 30 Flexible Budget Actual Results Variance Favorable/Unfavorable Desk sales $ 188,500 Chair sales 42,400 Variable expenses Contribution margin Fixed expenses Income