Gibson Manufacturing Company established the following standard price and cost data:

Sales price $ 8.10 per unit

Variable manufacturing cost $ 3.70 per unit

Fixed manufacturing cost $2,400 total

Fixed selling and administrative cost $ 600 total

Gibson planned to produce and sell 2,400 units. Actual production and sales amounted to 2,500 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