Jordan Manufacturing Company established the following standard price and cost data: $8.40 per unit $ 3.70 per unit $2,500 total $1,000 total Jordan planned to produce and sell 2,600 units. Actual production and sales amounted to 2,900 units. Assume that the actual sales price is $8.20 per unit and that the actual variable cost is $3.95 per unit. The actual fixed manufacturing cost is $2,300, and the actual selling and administrative costs are $1,035. Sales price Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative cost 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). Sales Variable manufacturing Contribution margin Fixed manufacturing Fixed selling and administrative cost Net income (loss) $ Flexible Budget Variances 23,780 U 11,455 U U F U U

Jordan Manufacturing Company established the following standard price and cost data: Jordan planned to produce and sell 2,600 units. Actual production and sales amounted to 2,900 units. Assume that the actuat sales price is $8.20 per unit and that the actual varlable cost is $3.95 per unit. The actual fixed manufacturing cost is $2.300, and the actual selling and administrative costs are $1.035 Required a.\&b. Determine the flexible budget variances and classify the effect of each variance by selecting favorable (F) of unfavorable (U) Note: Solect "None" if there is no effect (i.e., zero voriance)