Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Zachary Manufacturing Company established the following standard price and cost data: Sales price Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative cost $
Zachary 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 $ 3.80 per unit $2,300 total $ 700 total Zachary planned to produce and sell 2,700 units. Actual production and sales amounted to 2,900 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 E Req A and B Req D 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 Req A and B Req 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 24,940 a. Sales 11,020 b. Variable manufacturing Req A and B Req E Req D Determine the amount of fixed cost that will appear in the flexible budget. Flexible Budget Fixed manufacturing cost Fixed selling and administrative costs $ 2,300 $700
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started