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Stuart Manufacturing Company established the following standard price and cost data. Sales price $ 8.60 per unit Variable manufacturing cost $ 3.80 per unit Fixed
Stuart Manufacturing Company established the following standard price and cost data.
Sales price | $ | 8.60 | per unit |
Variable manufacturing cost | $ | 3.80 | per unit |
Fixed manufacturing cost | $ | 2,300 | total |
Fixed selling and administrative cost | $ | 800 | total |
Stuart planned to produce and sell 2,100 units. Actual production and sales amounted to 2,300 units.
Required
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Determine the sales and variable cost volume variances.
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Classify the variances as favorable (F) or unfavorable (U).
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Determine the amount of fixed cost that will appear in the flexible budget.
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Determine the fixed cost per unit based on planned activity and the fixed cost per unit based on actual activity.
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