Refer to the information about Adannes Adventures given in Meth. 8.4. Alerts King those to prepare a

Question:

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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Managerial Accounting

ISBN: 9781119577669

4th Edition

Authors: Charles E. Davis, Elizabeth Davis

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