Adarmes Adventures manufactures aluminum canoes. In planning for the coming year, CFO Alexis King is considering three different sales targets: 2,500 canoes, 3,000 canoes, and 3,500 canoes. Canoes sell for $800 each. The standard variable cost information for a canoe is as follows Direct materials $300 Direct labor Variable overhead 150 Utilities 35 Indirect materia 30 60 $575 Indirect labor Total Annual fixed overhead cost is expected to be Maintenance $ 20,000 Depreciation 40,000 Insurance Rent 27,000 30,000 $117,000 Total Alexis King chose to prepare a static budget based on sales of 3,000 canoes. Actual sales were 3,100 canoes at a price of $850 each. The company incurred the following costs for the year: Direct material $910,000 Direct labor Variable overhead 398,000 Fixed overhead 435,000 125,000 $1,868,000 Total Prepare a performance report for the year that shows the flexible budget and sales volume variances. (If operating income is negative, enter amounts using a negative sign preceding the