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Solve all the parts Fanning Manufacturing Company established the following standard price and cost data. table [ [ Sales price,$ 8 . 0 0
Solve all the parts
Fanning Manufacturing Company established the following standard price and cost data.
tableSales price,$ per unitVariable manufacturing cost,$ per unitFixed manufacturing cost,$ totalFixed selling and administrative cost,$ total
Fanning planned to produce and sell units. Actual production and sales amounted to units.
Required
a Determine the sales and variable cost volume variances.
b Classify the variances as favorable F or unfavorable U
d Determine the amount of fixed cost that will appear in the flexible budget.
e Determine the fixed cost per unit based on planned activity and the fixed cost per unit based on actual activity.
Complete this question by entering your answers in the tabs below.
Req A and
Req D
a Determine the sales and variable cost volume variances.
b Classify the variances as favorable F or unfavorable U
Note: Select "None" if there is no effect ie zero variance
tableVolume VariancesSalesVariable manufacturing,,
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