Exercise 6-4 Crane manufactures aluminum canoes. In planning for the coming year, CFO Alexis King is considering three different sales targets: 2,640 canoes, 3,010 canoes, and 3,600 canoes. Canoes sell for $970 each. The standard variable cost information for a canoe is as follows. $285 111 Direct materials Direct labor Variable overhead Utilities Indirect material Indirect labor Total 35 30 60 $521 Annual fixed overhead cost is expected to be: Maintenance $ 20,700 Depreciation 41,700 Insurance 28,000 Rent 31,810 Total $ 122,210 Prepare a flexible budget for the three sales levels under consideration. Prepare a flexible budget for the three sales levels under consideration. Unit 2,640 3,010 3,600 Operating income Maintenance Indirect material Total fixed expenses Depreciation Utilities Indirect labor Rent Sales revenue Contribution margin Fixed expenses Total variable expenses Direct material Insurance Variable expenses Direct labor Click if you would like to Show Work