Walton Manufacturing Company established the following standard price and cost data Sales price $ 8 40 per unit Variable manufacturing cost $ 3 50 per unit Fixed manufacturing cost $ 2,200 total Fixed selling and administrative cost $ 700 total Walton planned to produce and sell 2,100 units Actual production and sales amounted to 2,200 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 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) ) requirement A and B Volume Variances a Sales b Variable manufacturing requirement D Determine the amount of fixed cost that will appear in the flexible budget Flexible Budget Fixed manufacturing cost Fixed selling and administrative costs requirement E 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

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Posted on Aug 25, 2024

Walton Manufacturing Company established the following standard price and cost data: Sales price $ 8.40 per unit Variable manufacturing cost $ 3.50 per unit Fixed

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


Sales price	$	8.40	per unit
Variable manufacturing cost	$	3.50	per unit
Fixed manufacturing cost	$	2,200	total
Fixed selling and administrative cost	$	700	total

Walton planned to produce and sell 2,100 units. Actual production and sales amounted to 2,200 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.

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).)

requirement A and B

		Volume Variances
a.	Sales
b.	Variable manufacturing

requirement D

Determine the amount of fixed cost that will appear in the flexible budget.

Flexible Budget
Fixed manufacturing cost
Fixed selling and administrative costs

requirement E

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.)