Comprehensive Problem Help Save & Exit Submit Check my work Business Solutions second quarter 2012 fixed budget performance report for its computer furniture operations follows. The $159,050 budgeted expenses include $112,970 in variable expenses for desks and $15,080 in variable expenses for chairs, as well as $31,000 fixed expenses. The actual expenses include $32.500 fixed expenses. 13 Resuits Variances 193,700 s 6370 F 168,070 s9,020 U Fixed Budget 143 52 149 60 Desk sales (in units) Chair sales (in units) Desk sales (in dollars) Chair sales (in dollars) Total expenses Income from operations 330 30,680 159,050 $61,930 2,970 F Prepare a flexible budget performance report that shows any variances between budgeted results and actual results. List fixed and variable expenses separately. (Input all amounts as positive values. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Omit the "$"sign in your response.) BUSINESS SOLUTIONS Flexible Budlget Performance Report For Quarter Ended June 30 Actual Results Variances Flexible Bud S 19519 19370 LU Desk sales Chair sales Variable expenses Contribution mar Fxed ex s61930 Income frorn operations Next>