please answer with correct and detailed calculations and explanations. make sure supporting statements are also provided for each step and calculation.

Business Solutions's second-quarter 2022 fixed budget performance report for its computer furniture operations follows. The $155,090 budgeted expenses include $103,950 in variable expenses for desks and $19,140 in variable expenses for chairs, as well as $32,000 of fixed expenses. Actual fixed expenses total $33,100. Actual Fixed Budget Results Variances Desk sales (in units) 135 141 Chair sales (in units) 66 74 Desk sales $ 175, 500 $ 181, 890 $ 6, 390 F Chair sales 33,660 38, 850 5, 190 F Total expenses 155, 090 163, 570 8, 480 U Income $ 54,070 $ 57, 170 $ 3, 100 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 Chair sales Variable expenses Contribution margin Fixed expenses Income