Business Solutions's second-quarter 2022 fixed budget performance report for its computer furniture operations follows. The $157,830...

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Business Solutions's second-quarter 2022 fixed budget performance report for its computer furniture operations follows. The $157,830 budgeted expenses include $109,350 in variable expenses for desks and $18,480 in variable expenses for chairs, as well as $30,000 of fixed expenses. Actual fixed expenses total $31,800. Desk sales (in units) Fixed Budget Actual Results Variances 135 141 56 64 $183,300 33,600 167,530 $ 6,450 F 5,040 F 9,700 U $ 47,580 $ 49,370 $ 1,790 F Chair sales (in units) Desk sales Chair sales Total expenses $ 176,850 28,560 157,830 Income 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. BUSINESS SOLUTIONS Flexible Budget Performance Report For Quarter Ended June 30 Flexible Budget Actual Results Desk sales Chair sales Variable expenses Contribution margin Fixed expenses Income Variance Favorable or Unfavorable Business Solutions's second-quarter 2022 fixed budget performance report for its computer furniture operations follows. The $157,830 budgeted expenses include $109,350 in variable expenses for desks and $18,480 in variable expenses for chairs, as well as $30,000 of fixed expenses. Actual fixed expenses total $31,800. Desk sales (in units) Fixed Budget Actual Results Variances 135 141 56 64 $183,300 33,600 167,530 $ 6,450 F 5,040 F 9,700 U $ 47,580 $ 49,370 $ 1,790 F Chair sales (in units) Desk sales Chair sales Total expenses $ 176,850 28,560 157,830 Income 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. BUSINESS SOLUTIONS Flexible Budget Performance Report For Quarter Ended June 30 Flexible Budget Actual Results Desk sales Chair sales Variable expenses Contribution margin Fixed expenses Income Variance Favorable or Unfavorable