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Greetings! I could use some assistance with the following exercise, creating a Performance Report. Preparing a performance report ; Refer to the information about Adams

Greetings! I could use some assistance with the following exercise, creating a Performance Report.

Preparing a performance report; Refer to the information about Adams Adventures given in Exercise 6.4. Alexis King chose to prepare a static budget based on sales of 1,800 canoes. Actual sales were 1,850 canoes at a price of $640 each. The company incurred the following costs for the year:
Direct material $ 413,700.00
Direct labor $ 205,200.00
Variable overhead $ 167,800.00
Fixed overhead $ 150,000.00
Total $ 936,700.00
We need to create a performance report for the year that shows the flexible budget and sales volume variances.

EXERCISE 6.4: IF NEEDED INFORMATION

Direct materials $ 225.00
Direct labor $ 110.00
Variable overhead
Utilities $ 15.00
Indirect material $ 45.00
Indirect labor $ 30.00
Total $ 425.00
Annual fixed overhead cost is expected to be:
Maintenance $ 45,000.00
Depreciation $ 36,000.00
Insurance $ 28,000.00
Rent $ 57,000.00
Total $ 166,000.00

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