Business Solutions's second-quarter 2022 fixed budget performance report for its computer furniture operations follows. The $162,770 budgeted expenses include $111,650 in variable expenses for desks and $15,120 in variable expenses for chairs, as well as $36,000 of fixed expenses. Actual fixed expenses total $37,800. Desk sales (in units) Chair sales (in units) Desk sales Chair sales Total expenses Income For Quarter Ended June 30 Desk sales Chair sales Variable expenses Contribution margin Fixed expenses Income Fixed Budget 145 56 $ Actual Results 188,500 $ 194,790 31,920 162,770 151 64 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. $ 6,290 F 5,520 F 9,030 U $ 57,650 $ 60,430 $ 2,780 F 36,480 133,550 99,230 37,440 171,880 Variances BUSINESS SOLUTIONS Flexible Budget Performance Report Flexible Budget Actual Results Variance 196,300 $ 194,790 $ $ 37,440 134,000 98,230 36,000 63.230 $ 37,800 60,430 $ 1,510 960 450 1,000 1,800 2,800 ******** Favorable or Unfavorable Unfavorable Favorable Unfavorable Unfavorable Unfavorable Unfavorable