LS 5 277 points eBook Hint Print References Cherokee Manufacturing Company established the following standard price and cost data: Sales price Variable manufacturing cost $ 12.00 per unit $ 7.20 per unit $ 3,600 total Fixed manufacturing cost Fixed selling and administrative cost $ 1,200 total Cherokee planned to produce and sell 2,000 units. Actual production and sales amounted to 2,200 units. Assume that the actual sales price is $11.76 per unit and that the actual variable cost is $6.90 per unit. The actual fixed manufacturing cost is $3,000, and the actual selling and administrative costs are $1.230. 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

Cherokee Manufacturing Company established the following standard price and cost data: Cherokee planned to produce and sell 2000 units. Actual production and sales amounted 102200 unes Assume that the actual sales peice is $1176 per unit and that the actual vafiable cost is $6.90 per unit. The actual fued manutacturing cost is $3,000, and the actual seling and administrative costs are $1,230. Required Required o. 8b. Determine the flevoble budget varnances and classify the effect of cach wartance by selecting favorable (F) or unfavorable (U). Note: Select "None" if there is no effect (i.e, zero varibnce)