Bonita manufactures aluminum canoes. In planning for the coming year, CFO Alexis King is considering three different sales targets: 2,820 canoes, 3,040 canoes, and 3,900 canoes. Canoes sell for $820 each. The standard variable cost information for a canoe is as follows. Direct materials $221
Direct labor 126
Variable overhead
Utilities 35
Indirect material 30
Indirect labor 60
Total $472
Annual fixed overhead cost is expected to be:
Maintenance $21,400
Depreciation 44,300
Insurance 28,400
Rent 32,050
Total $126,150
Prepare a flexible budget for the three sales levels under consideration.