Current Attempt in ProgressWaterway manufactures aluminum canoes. In planning for the coming year, CFO Alexis King is considering three different sales targets: $2,600$ canoes, $3,100$ canoes, and $3,600$ canoes. Canoes sell for $$700$ each. The standard variable cost information for a canoe is as follows.Direct materials$ $225$Direct labor$100$Variable overheadUtilities$10$Indirect material$45$Indirect labor$30$Total$$410$Annual fixed overhead cost is expected to be:Maintenance$ $50\mathrm{.}000$DepreciationInsuranceRentTotal$34\mathrm{.}00029\mathrm{.}00058,000$$$171\mathrm{.}000$Alexis King chose to prepare a static budget based on sales of $3,400$ canoes. Actual sales were $3,450$ canoes at a price of $$690$ each.The company incurred the following costs for the year:Direct material$Direct laborVariable overhead$769,000355,000302\mathrm{.}900$