EC Chap 21 Caran MC fre Help Save & Ext Submit Business Solutions's second-quarter 2022 fixed budget performance report for its computer furniture operations follows. The $1801401 budgeted expenses include $117,710 in variable expenses for desks and $23,430 in variable expenses for chairs, as well as $39,000 of fixed expenses. Actual fixed expenses total $40,500 Fixed Budget Actual Results Variances 50 polits Desk sales (in units) 149 Chair sales (in units) 71 155 79 Desk sales $201,150 $207,706 $6,550 F Chair sales Total expenses 39,760 45,425 100,140 5,665 F 109,320 Income $60,770 $63,005 9,100 U $3,035 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 Desk sales Chair sales BUSINESS SOLUTIONS Flexible Budget Performance Report Flexible Budget Actual Results Variance Favorable Unfavorable Variable expenses Contribution margin Fixed expenses Income