2. Furniture Cruise Limited manufactures kitchen equipment for residential and commercial customers. The following data pertains to the company's 2020 operating budget. Actual 35,000 $90 Units sold Selling price per unit Variable cost per unit Fixed costs Operating income Budgeted 39,000 $80 $40 $987,000 $573,000 $45 $856,000 S719,000 Required: Prepare a variance analysis report with both flexible-budget and sales-volume variances (12 points)