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

Sales price	$	8.40	per unit
Variable manufacturing cost	$	3.60	per unit
Fixed manufacturing cost	$	2,000	total
Fixed selling and administrative cost	$	500	total

Munoz planned to produce and sell 2,500 units. Actual production and sales amounted to 2,700 units.

Assume that the actual sales price is $8.15 per unit and that the actual variable cost is $3.95 per unit. The actual fixed manufacturing cost is $1,600, and the actual selling and administrative costs are $525.

Required

a.&b. Determine the flexible budget variances and classify the variances by selecting favorable (F) or unfavorable (U). (Select "None" if there is no effect (i.e., zero variance).)

C CH 15 HW i Mc Graw Hill ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddleware%252Fm... Saved 2 Munoz Manufacturing Company established the following standard price and cost data: Sales price Variable manufacturing cost 1 points Fixed manufacturing cost Fixed selling and administrative cost $ 8.40 per unit $ 3.60 per unit $2,000 total $ 500 total eBook 01 Hint Munoz planned to produce and sell 2,500 units. Actual production and sales amounted to 2,700 units. Assume that the actual sales price is $8.15 per unit and that the actual variable cost is $3.95 per unit. The actual fixed manufacturing cost is $1,600, and the actual selling and administrative costs are $525. Required a.&b. Determine the flexible budget variances and classify the variances by selecting favorable (F) or unfavorable (U). (Select "None" if there is no effect (i.e., zero variance).) References Flexible Budget Variances Sales Variable manufacturing Contribution margin Fixed manufacturing U U U F Fixed selling and administrative cost Net income (loss) < Prev 2 of 5 Next > Help Save & Exit Submit 3 Check my work C