Adarmes Adventures manufactures aluminum canoes. In planning for the coming year, CFO Alexis King is considering three different sales targets: 2,500 canoes, 3,000 canoes, and 3,500 canoes. Canoes sell for $807 each. The standard variable cost information for a canoe is as follows.

Direct materials		$	340
Direct labor			162
Variable overhead
Utilities			35
Indirect material			30
Indirect labor			60
Total		$	627

Annual fixed overhead cost is expected to be:

Maintenance		$	19,460
Depreciation			39,700
Insurance			27,000
Rent			28,740
Total		$	114,900

Alexis King chose to prepare a static budget based on sales of 3,000 canoes. Actual sales were 3,100 canoes at a price of $857 each. The company incurred the following costs for the year:

Direct material	$	1,042,000
Direct labor		475,300
Variable overhead		397,800
Fixed overhead		122,200
Total	$	2,037,300

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 e.g. -45 or parentheses e.g. (45). Round answers to 0 decimal places, e.g. 125. If variance is zero, select "Not Applicable" and enter 0 for the amounts.)

Actual Results

Flexible Budget Variance

Flexible Budget

Sales Volume Variance

Static Budget