Kootenay Bicycle Company expected to sell 700 bikes at $5,000 per bike for 2020. Variable expenses were expected to be $4,350 a bike and fixed expenses were expecte to be $240,000. Actual sales were 650 units, total sales revenue was $3,350,000, total variable expenses were $2,975,000 and fixed expenses were $225,000. A) Prepare an income statement performance report for Kootenay Bicycle Company. (10 marks) ABC Corporation purchased and used 25.000 kg of materials for $15.25 a kg. During the month they incurred 5,500 labour hours for a total $193.600 in direct labour costs Standard costs are $16.50 ao for Materials and $95.75 for labour. Standards indicate that for the number of units completed they should have used 23.000 kn of materials N O W Address acer