Exercise 15-7A (Algo) Determining sales and variable cost volume variances LO 15-3, 15-4 Munoz Manufacturing Company established the following standard price and cost data. Sales price Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative cost $ 8.60 per unit $ 3.80 per unit $2,100 total $ 800 total Munoz planned to produce and sell 2,400 units. Actual production and sales amounted to 2,600 units. Required a. Determine the sales and variable cost volume variances. b. Classify the variances as favorable (F) or unfavorable (U). d. 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 Reg A and B Req D ReqE Determine the amount of fixed cost that will appear in the flexible budget. Flexible Budget Fixed manufacturing cost Fixed selling and administrative costs Req A and B Req D ReqE Determine the fixed cost per unit based on planned activity and the fixed cost per unit based on actual activi answers to 2 decimal places.) Master Budget Flexible Budget Fixed cost per unit