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XTREME BILLIARDS BUDGET PROBLEM: Below are Xtreme Billards' actual financial results for 2021. Xtreme Billards prepares flexible budgets. If the company wants to compute revenue and cost variances for 2021, they should compare their actual 2021 performance with budgeted 2021 performance at a production level of pool tables. 2021 ACTUAL Performance $44,000,000 9,900,000 Sales Revenue ($2,000 per table in 2021) Variable Costs Direct Materials ($450 per table in 2021) Direct Labor ($850 per table in 2021) Fixed Costs Indirect Labor Advertising & Other Miscellaneous 18,700,000 4,300,000 4,525,000 Advertising & Other Miscellaneous 4,525,000 Income Taxes 1,645,000 Profit $4,930,000 25,000 2,000 22,000 20,000