Bonita manufactures aluminum canoes. In planning for the coming year, CFO Alexis King is considering three different sales targets: 2,820 canoes, 3,040 canoes, and 3,900 canoes. Canoes sell for $820 each. The standard variable cost information for a canoe is as follows. Direct materials $221
Direct labor 126
Variable overhead
Utilities 35
Indirect material 30
Indirect labor 60
Total $472
Annual fixed overhead cost is expected to be:
Maintenance $21,400
Depreciation 44,300
Insurance 28,400
Rent 32,050
Total $126,150
Prepare a flexible budget for the three sales levels under consideration.

1. what is the lowest balance during this period? 2. lily just received her bank statement below. a. what does the bank think her ending balance is? b. how much more does the bank think lily has? c. what transactions are missing? 3. what is the danger of not balancing your bank account? lily’s bank statement deposits: 2/25 $35 2/26 $20 3/1 $256.32 checks: 2/24 ck #301 $25 2/26 #302 $150 debit card: 2/24 american eagle $75.48 2/25 chick fa la $4.67 2/27 mcdonalds $3.56 2/28 chevron $34.76 withdrawal: 2/27 $40 beginning balance $423.34 deposits $311.32 total debits $333.47 ending balance $401.19