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 $805 each. The standard variable cost information for a canoe is as follows.

The last column is the static budget

Direct materials $314 151 Direct labor Variable overhead 35 Indirect materia 30 60 $590 Utilities Indirect labor Total Annual fixed overhead cost is expected to be: Maintenance 18,860 Depreciation 36,100 25,820 29,270 $110,050 Insurance Rent Total 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 $855 each. The company incurred the following costs for the year: Direct material $ 955,500 Direct labor Variable overhead 399,100 Fixed overhead 441,300 118,050 $1,913,950 Total