Thornton Manufacturing Company established the following standard price and cost data. Sales price $ 8.60 per unit Variable manufacturing cost $ 3.50 per unit Fixed manufacturing cost $ 2,900 total Fixed selling and administrative cost $ 600 total Thornton planned to produce and sell 2,200 units. Actual production and sales amounted to 2,500 units. Required Determine the sales and variable cost volume variances. Classify the variances as favorable (F) or unfavorable (U). Determine the amount of fixed cost that will appear in the flexible budget. Determine the fixed cost per unit based on planned activity and the fixed cost per unit based on actual activity.

Thornton Manufacturing Company established the following standard price and cost data. Sales price Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative cost $ 8.60 per unit $ 3.50 per unit $2,900 total $ 600 total Thornton planned to produce and sell 2,200 units. Actual production and sales amounted to 2,500 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 B Reg D Req E Determine the sales and variable cost volume variances and classify the variances as favorable (F) or unfavorable (U). (Select "None" if there is no effect (i.e., zero variance).) Volume Variances Sales Variable manufacturing Determine the amount of fixed cost that will appear in the flexible budget. Flexible Budget Fixed manufacturing cost Fixed selling and administrative costs Req A and B Reg D ReqE Determine the fixed cost per unit based on planned activity and the fixed cost per unit based on actual activity. (Round your answers to 2 decimal places.) Master Budget Flexible Budget Fixed cost per unit