Refer to the information about Adannes Adventures given in Meth. 8.4. Alerts King those to prepare a
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Refer to the information about Adannes Adventures given in Meth. 8.4. Alerts King those to prepare a static budget based on sales of 1200 canoes. Actual sales were 1,850 maces at a price of $840 each. The company incurred the following costs for the year:
Direct material | $413,700 |
Direct labor | 205,200 |
Variable overhead | 167200 |
Fixed overhead | 150,000 |
Total | $936,700 |
Required
Prepare a performance report for the year that shows the flexible budget and sales volume variances.
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