Business Solutions's second-quarter 2022 fixed budget performance report for its computer furniture operations follows. The $158,380 budgeted expenses include $109,020 in variable expenses for desks and $18,360 in variable expenses for chairs, as well as $31,000 of fixed expenses. Actual fixed expenses total $32,500. Actual Results: Variances Fixed Budget 138 Desk sales (in units) 144 Chair sales (in units) 68 76 Desk sales Chair sales $ 176,640 34,000 158,380 $ 182,880 39, 140 167,150 $ 6,240 F 5,140 F 8,770 U Total expenses Income $ 52,260 $ 54,870 $ 2,610 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 Flexible Budget Actual Results Variance For Quarter Ended June 30 Favorable/Unfavorable Desk sales Chair sales Variable expenses Contribution margin Fixed expenses Income