Strauss Table Company manufactures tables for schools. The 20x4 operating budget is based on sales of 20,000 units at $100 per table. Operating income is anticipated to be $120,000. Budgeted variable costs are $64 per unit, while fixed costs total $600,000. Actual income for 20x4 was a suprising $354,000 on actua sales of 21,000 units at $104 each. Actual variable costs were $60 per unit and fixed costs totaled $570,000.

Required: Prepare a 5 column variance analysis report with actual results, flexible-budget, static budget, flexible budget variances and sales-volume variances.