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

Sales price $$8\mathrm{.}50$ per unit

Variable manufacturing cost $$3\mathrm{.}40$ per unit

Fixed manufacturing cost $$2,600$ total

Fixed selling and administrative cost $$1,000$ total

Rooney planned to produce and sell $3,000$ units. Actual production and sales amounted to $3,200$ units.

Assume that the actual sales price is $$8\mathrm{.}30$ per unit and that the actual variable cost is $$3\mathrm{.}70$ per unit. The actual fixed manufacturing cost is $$1,900,$ and the actual selling and administrative costs are $$1,040.$

Required

a$.$&b$.$ Determine the flexible budget variances and classify the effect of each variance by selecting favorable or unfavorable.

Note: Select "None" if there is no effect $($i$.$e$.,$ zero variance$).$Rooney Manufacturing Company established the following standard price and cost data:

Rooney 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\mathrm{.}30$ per unit and that the actual variable cost is

$$3\mathrm{.}70$ per unit. The actual fixed manufacturing cost is $$1,900,$ and the actual selling and

administrative costs are $$1,040.$

Required

a$.$&b$.$ Determine the flexible budget variances and classify the effect of each variance by

selecting favorable or unfavorable.

Note: Select "None" if there is no effect $($i$.$e$.,$ zero variance$).$

NET INCOME IS NOT $11120$