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Exercise 6-5 Bonita manufactures aluminum canoes. In planning for the coming year, CFO Alexis King is considering three different sales targets: 2,500 cances, 3,000 canoes,

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Exercise 6-5 Bonita manufactures aluminum canoes. In planning for the coming year, CFO Alexis King is considering three different sales targets: 2,500 cances, 3,000 canoes, and 3,500 cances. Canoes sell for $809 each. The standard variable cost information for a canoe is as follows. $338 155 Direct materials Direct labor Variable overhead Utilities Indirect material Indirect labor Tots 35 30 60 wy 5518 Annual fixed overhead cost is expected to be Maintenance Depreciation Insurance Rent Total $ 18,510 39,800 25,870 29,290 $113,570 Alexis King chose to prepare a static budget based on sales of 3,000 canes. Actual sales were 3,100 cances at a price of $859 each. The company incurred the following costs for the year: Direct material $1,036,300 Direct labor 453,800 Variable overhead 399,400 Foxed Overhead 120.870 Total $2,010,370 Prepare a performance report for the year that shows the flexible budget and sales volume variances (If aperating income is negative, enter amounts using a negative sign preceding the number -45 or parentheses g. (45). Round answers to decimal places g. 125. If wariance is rare, select "Nor Applicable and enter for the amounts.) Actual Results Flexible Budget Variance Flexible Budget Sales Volume Variance Static Budget MacBook Pro PRINTER VERSION BACK NEXT Fixed overhead Total 120,670 $2,010,370 Prepare a performance report for the year that shows the flexible budget and sales volume variances. (1f operating income is negative, enter amounts using a negative sign preceding the number e.g.-45 or parentheses e.g. (45). Round answers to O decimal places, e.g. 125. If variance is rero, select "Not Applicable and enter for the amounts.) Actual Results Flexible Budget Variance Flexible Budget Sales Volume Variance S tatic Budget Unit Sales SUBMIT ANSWER Question Attempts: 0 of 4 used SAVE FOR LATER

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