Question

Refer to the information about Adarmes Adventures given in Exercise 6-4. 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 $850 each. The company incurred the following costs for the year:

Direct material ........ $ 910,000
Direct labor ......... 435,000
Variable overhead ....... 398,000
Fixed overhead ........ 125,000
Total ............. $1,868,000

Required

Prepare a performance report for the year that shows the flexible budget and sales volume variances.




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  • CreatedFebruary 21, 2014
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