Serial Problem Business Solutions LO P1 Business Solutions's second quarter 2018 fixed budget performance report for its computer furniture operations follows. The $175,110 budgeted expenses include $120,960 in variable expenses for desks and $24,150 in variable expenses for chairs, as well as $30,000 fixed expenses. The actual expenses include $31,700 fixed expenses. List fixed and variable expenses separately. Fixed Budget Actual Results Variances Desk sales (in units) 144 150 Chair sales (in units) 69 77 Desk sales $194,400 $ 201,000 $6,600 F Chair sales 37,260 42,735 5,475 F Total expenses 175, 110 184,99 9,880 U Income from operations $ 56,550 $ 58,745 $2,195 F Prepare a flexible budget performance report that shows any variances between budgeted results and actual results. BUSINESS SOLUTIONS Flexible Budget Performance Report For Quarter Ended June 30 Flexible Budget Actual Results Variance Fav./Unf. Contribution margin