Swifty manufactures aluminum canoes. In planning for the coming year, CFO Alexis King is considering three different sales targets: 2,500 canoes, 3,160 canoes, and 3,580 canoes. Canoes sell for $850 each. The standard variable cost information for a canoe is as follows. Direct materials $ 289 Direct labor 115 Variable overhead Utilities 35 Indirect material 30 Indirect labor 60 Total $ 529 Annual fixed overhead cost is expected to be: Maintenance $ 23,100 Depreciation 43,300 Insurance 29,400 Rent 31,030 Total $ 126,830 Prepare a flexible budget for the three sales levels under consideration.Unit 2,500 3,16 V $ $ $ V V $ V $Uni V to V V V V V V V V V to V Total fixed expenses Insurance Indirect material Maintenance Contribution margin Direct material Fixed expenses Total variable expenses Depreciation Rent Utilities Direct labor Sales revenue Variable expenses Operating income Indirect labor