Walton Manufacturing Company established the following standard price and cost data: Sales price Variable manufacturing cost Fixed
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Question:
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Walton Manufacturing Company established the following standard price and cost data:
Sales price
Variable manufacturing cost
Fixed manufacturing cost
Fixed selling and administrative costWalton planned to produce and sell units. Actual production and sales amounted to units.Assume that the actual sales price is $ per unit and that the actual variable cost is $ per unit. The a cost is $ and the actual selling and administrative costs are $
Required
a&b Determine the flexible budget variances and classify the effect of each variance by selecting favorable
Note: Select "None" if there is no effect ie zero variance
Answer is complete but not entirely correct.
tabletableFlexible BudgetVariancesSales$uVariable manufacturing,,UContribution margin,,UFixed manufacturing,,
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