5. Nanook Company manufactures desks for universities. The current year operating budget is based on sales of 45,000 units at $55 per table. Operating income is anticipated to be $240,000. Budgeted variable costs are $35 per unit, while fixed costs total $660,000. Actual operating income for the year was a surprising $569,000 on actual sales of 46,000 units at $60 each. Actual variable costs were $34 per unit and fixed costs totaled $627,000. Required: (8 points) Prepare a variance analysis report with both flexible-budget and sales-volume variances