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Jordan Manufacturing Company established the following standard price and cost data: Jordan planned to produce and sell 3,000 units. Actual production and sales amounted to
Jordan Manufacturing Company established the following standard price and cost data: Jordan planned to produce and sell 3,000 units. Actual production and sales amounted to 3,200 units. Assume that the actual sales price is $8.25 per unit and that the actual variable cost is $3.85 per unit. The actual fixed manufacturing cost is $2,300, and the actual selling and administrative costs are $730. Required a.\&b. Determine the flexible budget variances and classify the effect of each variance by selecting favorable (F) or unfavorable (U). Note: Select "None" if there is no effect (i.e., zero variance)
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