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Concord manufactures aluminum canoes. In planning for the coming year, CFO Alexis King is considering three different sales targets: 2 , 8 0 0 canoes,
Concord manufactures aluminum canoes. In planning for the coming year, CFO Alexis King is considering three different sales targets: canoes, canoes, and canoes. Canoes sell for $ each. The standard variable cost information for a canoe is as follows. Direct materials $ Direct labor Variable overhead Utilities Indirect material Indirect labor Total $ Annual fixed overhead cost is expected to be: Maintenance $ Depreciation Insurance Rent Total $ Alexis King chose to prepare a static budget based on sales of canoes. Actual sales were canoes at a price of $ each. The company incurred the following costs for the year: Direct material $ Direct labor Variable overhead Fixed overhead Total $ 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 eg or parentheses eg Round answersto decimal places, eg If variance is zero,select "Not Applicable" and enter for the amounts.enter for the amounts.
Concord manufactures aluminum canoes. In planning for the coming year, CFO Alexis King is considering three different sales targets: canoes,
canoes, and canoes. Canoes sell for $ each. The standard variable cost information for a canoe is as follows.
Direct materials $
Direct labor
Variable overhead
Utilities
Indirect material
Indirect labor
Total $
Annual fixed overhead cost is expected to be:
Maintenance $
Depreciation
Insurance
Rent
Total $
Alexis King chose to prepare a static budget based on sales of canoes. Actual sales were canoes at a price of $ each. The company
incurred the following costs for the year:
Direct material $
Direct labor
Variable overhead
Fixed overhead
Total $
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 eg or parentheses eg Round answersto decimal places, eg If variance is zero,select "Not Applicable" and
enter for the amounts.enter for the amounts.
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