Able Company manufactures tables for schools. The 2015 operating budget is based on sales of 44,000 units at $55 per table.

Operating income is anticipated to be $132,000. Budgeted variable costs are $35 per unit, while fixed costs total $660,000.

Actual income for 2015 was a surprising $477,000 on actual sales of 46,000 units at $57 each. Actual variable costs were $33 per unit and fixed costs totaled $627,000.

Required:

Prepare a variance analysis report with both flexible-budget and sales-volume variances.