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I I've read through the textbook so many times & I'm just not...

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Accounting

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I've read through the textbook so many times & I'm just not getting it. Please help. Thanks in advance.

Crane manufactures aluminum canoes. In planning for the coming year, CFO Alexis King is considering three different sales targets: 1,000 canoes, 1,500 canoes, and 2,000 canoes. Canoes sell for $600 each. The standard variable cost information for a canoe is as follows. Annual fixed overhead cost is expected to be: 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 $590 each. The company incurred the following costs for the year: Prepare a performance report for the year that shows the flexible 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 Unit sales Sales revenue Less Variable expenses Direct material Direct labor Overhead Variable expenses Total variable expenses Flexible Budget Variance Flexible Budget Sales Volume Variance Static Budget $ $ $ $ $ $

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