Sunland manufactures aluminum canoes. In planning for the coming year. CFO Alexis King is considering three different sales targets: 1.800 canoes. 2,300 canoes, and 2.800 cances. Canoes sell for $750 each. The standard variable cost information for a canoe is as follows $ 230 100 Direct materials Direct labor Variable overhead Utilities Indirect material Indirect labor 15 40 30 Total $ 415 Annual fixed overhead cost is expected to be Maintenance $49.000 Depreciation 36.000 Insurance 28,000 Rent 59,000 Total $ 172.000 Alexis King chose to prepare a static budget based on sales of 2,600 canoes. Actual sales were 2.650 canoes at a price of $740 each. The company incurred the following costs for the year: Direct material $ 600.000 Direct labor 280,000 Variable overhead 235,000 Fixed overhead 150,000 Total $ 1,265,000 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 eg -45 or parentheses eg. (45). Round answers to decimal places, eg. 125. If variance is zero, select "Not Applicable and enter for the amounts.) Actual Results Flexible Budget Variance Unit sales Sales revenue S $ Unfavorable Less Variable expenses Direct material Favorable Direct labor Unfavorable Overhead Unfavorable Total varlable expenses Unfavorable Contribution margin Unfavorable Total fixed expenses 150000 1 Favorable Operating Income S $ Unfavorable Flexible Budget Sales Volume Variance Static Budget rable $ $ Favorable $ ble Unfavorable irable 5000 Unfavorable irable 4250 Unfavorable rable Unfavorable rable Favorable ble 0 Not Applicable y irable $ $ Favorable $