GHI Comp. manufactures tables for schools. The 2017 budget is based on sales of 44,000 units at $110 per table. Budgeted variable costs are $70 per unit while fixed costs total $760,000. Actual Sales were 46,000 units at $114 

each. Actual variable costs were $66 per unit and fixed costs totaled $737,000.

 

Required: A variance analysis report with both flexible budget and sales volume variances.