Adarmes Adventures manufactures aluminum canoes. In planning for the coming year CFO Alexis King is considering three different sales targets 1,000 canoes, 1,500 canoes, and 2,000 canoes. Canoes sell for $650 each. The standard variable cost information for a canoe is as follows. $ 225 110 Direct materials Direct labor Variable overhead Utilities Indirect material Indirect labor Total 15 45 30 $ 425 Annual fixed overhead cost is expected to be: Maintenance Depreciation Insurance Rent Total $ 45,000 36,000 28.000 57.000 $ 166,000 Alexis King chose to prepare a static budget based on sales of 1,800 canoes. Actual sales were 1,850 canoes at a price of $640 each The company incurred the following costs for the year: Direct material $ 413,700 Direct labor 205,200 Variable overhead 167,800 Fixed overhead 150.000 Total $936,700 Prepare a performance report for the year that shows the flexible budget and sales volume variances. Of operating income is negative, enter amounts using a negative sin preceding the numbers45 or parentheses es (451. Round answers to decimal places es. 125, variance is zero, select "Not Applicable and enter for the amounts.) Prepare a performance report for the year that shows the flexible budget and sales volume variances. Of operating income is negative enter amounts using a negative sign preceding the number eg. 45 or parentheses eg. (45). Round answers to O decimal places, eg 125. If variance is zero, select "Not Applicable and enter O for the amounts.) Actual Results Flexible Budget Variance Unit sales $ > > > > Prepare a performance report for the year that shows the flexible budget and sales volume variances. Of operating income is negative, enter amounts using a negative sign preceding the numbereg. 45 or parentheses eg (45). Round answers to decimal places, eg. 125. If variance is zero, select "Not Applicable" and enter for the amounts.) Flexible Budget Sales Volume Variance Static Budget $ $