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Franklin Manufacturing Company established the following standard price and cost data: Sales price Variable manufacturing cost $8.60 per unit $ 3.90 per unit $2,700 total $ 700 total Fixed manufacturing cost Fixed selling and administrative cost Franklin planned to produce and sell 2,300 units. Actual production and sales amounted to 2,400 units. Required a. Determine the sales and variable cost volume variances. b. Classify the variances as favorable or unfavorable. 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 Reg E a. Determine the sales and variable cost volume variances. b. Classify the variances as favorable or unfavorable. Note: Select "None" if there is no effect (i.e., zero variance). Volume Variances Sales Variable manufacturing

Franklin Manufacturing Company established the following standard price and cost data: Sales price Variable manufacturing cost $8.60 per unit $ 3.90 per unit $2,700 total $ 700 total Fixed manufacturing cost Fixed selling and administrative cost Franklin planned to produce and sell 2,300 units. Actual production and sales amounted to 2,400 units. Required a. Determine the sales and variable cost volume variances. b. Classify the variances as favorable or unfavorable. 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 Reg E a. Determine the sales and variable cost volume variances. b. Classify the variances as favorable or unfavorable. Note: Select "None" if there is no effect (i.e., zero variance). Volume Variances Sales Variable manufacturing

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter9: Evaluating Variances From Standard Costs
Section: Chapter Questions
Problem 3PB: Direct materials, direct labor, and factory overhead cost variance analysis Road Gripper Tire Co....
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Franklin Manufacturing Company established the following standard price and cost data: Sales price $ 8.60 per unit Variable manufacturing cost $ 3.90 per unit Fixed manufacturing cost Fixed selling and administrative cost Franklin planned to produce and sell 2,300 units. Actual production and sales amounted to 2,400 units. Required a. Determine the sales and variable cost volume variances. b. Classify the variances as favorable or unfavorable, 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. $ 2,700 total $ 700 total Req A and B Reg D a. Determine the sales and variable cost volume variances. b. Classify the variances as favorable or unfavorable. Note: Select "None" if there is no effect (i.e., zero variance). Sales Variable manufacturing Reg E Volume Variances
Transcribed Image Text:Franklin Manufacturing Company established the following standard price and cost data: Sales price $ 8.60 per unit Variable manufacturing cost $ 3.90 per unit Fixed manufacturing cost Fixed selling and administrative cost Franklin planned to produce and sell 2,300 units. Actual production and sales amounted to 2,400 units. Required a. Determine the sales and variable cost volume variances. b. Classify the variances as favorable or unfavorable, 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. $ 2,700 total $ 700 total Req A and B Reg D a. Determine the sales and variable cost volume variances. b. Classify the variances as favorable or unfavorable. Note: Select "None" if there is no effect (i.e., zero variance). Sales Variable manufacturing Reg E Volume Variances
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