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Adams Manufacturing Company established the following standard price and cost data. Sales price Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative costAdams planned
Adams Manufacturing Company established the following standard price and cost data.
Sales price
Variable manufacturing cost
Fixed manufacturing cost
Fixed selling and administrative costAdams planned to produce and sell units. Actual production and sales amounted to units.Requireda. Determine the sales and variable cost volume variances.b Classify the variances as favorable F or unfavorable Ud Determine the amount of fixed cost that will appear in the flexible budget.e Determine the fixed cost per unit based on planned activity and the fixed cost per unit based on actual activity.
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