Concord manufactures aluminum canoes. In planning for the coming year, CFO Alexis King is considering three different sales targets: $2,800$ canoes,

$3,300$ canoes, and $3,800$ canoes. Canoes sell for $$800$ each. The standard variable cost information for a canoe is as follows.

Direct materials $ $270$

Direct labor $100$

Variable overhead

Utilities $15$

Indirect material $45$

Indirect labor $25$

Total $ $455$

Annual fixed overhead cost is expected to be:

Maintenance $ $45,000$

Depreciation $35,000$

Insurance $28,000$

Rent $58,000$

Total $ $166,000$

Alexis King chose to prepare a static budget based on sales of $3,600$ canoes. Actual sales were $3,650$ canoes at a price of $$790$ each. The company

incurred the following costs for the year:

Direct material $ $898,000$

Direct labor $449,000$

Variable overhead $320,000$

Fixed overhead $150,000$

Total $ $1,817,000$

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 number e$.$g$.-45$ or parentheses e$.$g$.(45).$ Round answersto $0$ decimal places, e$.$g$.125.$ If variance is zero,select "Not Applicable" and

enter $0$ for the amounts.$)$enter $0$ for the amounts.$)$