Sunland 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 $806 each. The standard variable cost information for a canoe is as follows.

Exerclse 6-5 Sunland 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 $806 each. The standard variable cost information for a canoe is as follows. Direct materials $304 Direct labor 198 Variable overhead Utilities 35 Indirect material 30 Indirect labor 60 Total $67 Annual xed overhead cost is expected to be: Maintenance $ 18,260 Depreciation 38,700 Insurance 26,600 Rent 29,980 Total 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 $856 each. The company incurred the following costs for the year: Direct material $ 923,000 Direct labor 585,900 Variable overhead 399,500 Fixed overhead 121,140 Total $2,029,540 Prepare a performance report for the year that shows the exible 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.) Actual Results Flexible Budget Variance Flexlble Budget Sales Volume Variance Static Budget Unit sales " '7' ' [7\" *'j :9 w [_._M'_ ._. f: [_ A_,.._] S s lslf sfhlrm