$4$

Opal Manufacturing Company established the following standard price and cost information:

Sales price

Variable manufacturing cost

$$68$ per unit

Fixed manufacturing cost

Fixed selling and administrative costOpal expected to produce and sell $28,600$ units. Actual production and sales amounted to $31,900$ units.Required:a$.$ and b$.$ Determine the sales volume variances, including variances for number of units, sales revenue, variable manufacturing cost, fixed manufacturing cost, and fixed selling and administrative cost. Classify the variances as favorable $($F$)$ or unfavorable $($U$).$Note: Indicate the effect of each variance by selecting "Favorable", "Unfavorable", and "None" for no effect $($i$.$e$.,$ zero variance$).$

$\backslash$table$[[,$Static Budget,$\backslash$table$[[$Flexible$],[$Budget$]],\backslash$table$[[$Volume$],[$Variance$]],\backslash$table$[[$Favorable or$],[$Unfavorable$]]],[$Units$,,,,$Favorable$],[$Sales$,,,,$Favorable$],[$Variable manufacturing cost,,,,Unfavorable$],[$Fixed manufacturing cost,,,,None$],[$Fixed selling and administrative costs,,$H,,$None$],[$Net income,,,,Favorable$]]$