Please do not give solution in image format thanku Business Solutions's second-quarter 2022 fixed budget performance report for its computer furniture operations follows. The $159,890budgeted expenses include $111,520 in variable expenses for desks and $15,370 in variable expenses for chairs, as well as $33,000 offixed expenses. Actual fixed expenses total $34,300.Desk sales (in units)Chair sales (in units)Desk salesChair salesTotal expensesIncomeFixedBudget13653ActualResults14261$ 172,720$ 178,92027,030159,89032,025168,730$ 39,860 $ 42,215Variances$ 6,200 F4,995 F8,840 U$ 2,355 F Required:Prepare a flexible budget performance report that shows variances between budgeted results and actual results. (Indicate the effectof each variance by selecting favorable, unfavorable, or no variance.)For Quarter Ended June 30Desk salesChair salesVariable expensesContribution marginFixed expensesIncomeBUSINESS SOLUTIONSFlexible Budget Performance ReportFlexible Budget Actual Results VarianceFavorable/Unfavorable

The variance is the difference between the standard and actual production cost data. The…

Business Solutions's second-quarter 2022 fixed budget performance report for its computer furniture operations follows. The $159,890 budgeted expenses include $111,520 in variable expenses for desks and $15,370 in variable expenses for chairs, as well as $33,000 of ixed expenses. Actual fixed expenses total $34,300. Desk sales (in units) Chair sales (in units) Desk sales Chair sales Total expenses Income Fixed Budget 136 53 Actual Results 142 61 $ 172,720 $ 178,920 27,030 32,025 159,890 168,730 $ 39,860 $ 42,215 Variances $ 6,200 F 4,995 F 8,840 U $ 2,355 F

Business Solutions's second-quarter 2022 fixed budget performance report for its computer furniture operations follows. The $159,890 budgeted expenses include $111,520 in variable expenses for desks and $15,370 in variable expenses for chairs, as well as $33,000 of ixed expenses. Actual fixed expenses total $34,300. Desk sales (in units) Chair sales (in units) Desk sales Chair sales Total expenses Income Fixed Budget 136 53 Actual Results 142 61 $ 172,720 $ 178,920 27,030 32,025 159,890 168,730 $ 39,860 $ 42,215 Variances $ 6,200 F 4,995 F 8,840 U $ 2,355 F

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter10: Short-term Decision Making

Section: Chapter Questions

Problem 5EB: Aspen Enterprises makes award pins for various events. Budget information regarding the current...

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