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 $804 each. The standard variable cost information for a canoe is as follows.

Direct materials		$	334
Direct labor			154
Variable overhead
Utilities			35
Indirect material			30
Indirect labor			60
Total		$	613

Annual fixed overhead cost is expected to be:

Maintenance		$	18,830
Depreciation			36,300
Insurance			25,840
Rent			29,110
Total		$	110,080

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 $854 each. The company incurred the following costs for the year:

Direct material	$	1,013,600
Direct labor		452,300
Variable overhead		398,400
Fixed overhead		117,980
Total	$	1,982,280

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.)

Sales, revenue, Direct labor, overhead, contribution margin, total variable expenses, operating income, total fixed expenses, direct material, variable expenses. (these fit into the blank)

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 $804 each. The standard variable cost information for a canoe is as follows.Direct materials$ 334Direct labor 154Variable overhead Utilities 35 Indirect material 30 Indirect labor 60Total$ 613Annual fixed overhead cost is expected to be:Maintenance$ 18,830Depreciation 36,300Insurance 25,840Rent 29,110 Total$ 110,080Alexis King chose to prepare a static budget based on sales of 3,000 canoes. Actual sales were 3,100 canoes at a price of $854 each. The company incurred the following costs for the year:Direct material $ 1,013,600Direct labor452,300Variable overhead398,400Fixed overhead117,980 Total $ 1,982,280Prepare 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.) Sales, revenue, Direct labor, overhead, contribution margin, total variable expenses, operating income, total fixed expenses, direct material, variable expenses. (these fit into the blank) 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 $804 each. The standard variable cost information for a canoe is as follows.Direct materials$ 334Direct labor 154Variable overhead Utilities 35 Indirect material 30 Indirect labor 60Total$ 613Annual fixed overhead cost is expected to be:Maintenance$ 18,830Depreciation 36,300Insurance 25,840Rent 29,110 Total$ 110,080Alexis King chose to prepare a static budget based on sales of 3,000 canoes. Actual sales were 3,100 canoes at a price of $854 each. The company incurred the following costs for the year:Direct material $ 1,013,600Direct labor452,300Variable overhead398,400Fixed overhead117,980 Total $ 1,982,280Prepare 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.) Sales, revenue, Direct labor, overhead, contribution margin, total variable expenses, operating income, total fixed expenses, direct material, variable expenses. (these fit into the blank)