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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
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 $803 each. The standard variable cost information for a canoe is as follows. Annual fixed overhead cost is expected to be: 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 $853 each. The company incurred the following costs for the year: 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.)
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