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 150

Variable overhead

Utilities 35

Indirect material 30

Indirect labor 60

Total $ 575

Annual fixed overhead cost is expected to be:

Maintenance		$	20,000
Depreciation			40,000
Insurance			27,000
Rent			30,000
Total		$	117,000

Prepare a flexible budget for the three sales levels under consideration.