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Ch8HW Saved 6 Franklin Manufacturing Company established the following standard price and cost data. Variable manufacturing cost Sales price 1 points Fixed manufacturing cost eBook Fixed selling and administrative cost $ 8.20 per unit $ 3.20 per unit $ 2,700 total $ 900 total Franklin planned to produce and sell 2,300 units. Actual production and sales amounted to 2,500 units. Required a. Determine the sales and variable cost volume variances. Hint b. Classify the variances as favorable (F) or unfavorable (U). Print References Mc Graw Hill d. 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. Complete this question by entering your answers in the tabs below. Req A and B Req D Req E a. Determine the sales and variable cost volume variances. b. Classify the variances as favorable (F) or unfavorable (U). Note: Select "None" if there is no effect (i.e., zero variance). Volume Variances Sales $ 18,860 Variable manufacturing $ 7,360 U Req A and B Req D > < Prev 6 of 10 Next > Help Save & Exit Submit Check my work

Ch8HW Saved 6 Franklin Manufacturing Company established the following standard price and cost data. Variable manufacturing cost Sales price 1 points Fixed manufacturing cost eBook Fixed selling and administrative cost $ 8.20 per unit $ 3.20 per unit $ 2,700 total $ 900 total Franklin planned to produce and sell 2,300 units. Actual production and sales amounted to 2,500 units. Required a. Determine the sales and variable cost volume variances. Hint b. Classify the variances as favorable (F) or unfavorable (U). Print References Mc Graw Hill d. 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. Complete this question by entering your answers in the tabs below. Req A and B Req D Req E a. Determine the sales and variable cost volume variances. b. Classify the variances as favorable (F) or unfavorable (U). Note: Select "None" if there is no effect (i.e., zero variance). Volume Variances Sales $ 18,860 Variable manufacturing $ 7,360 U Req A and B Req D > < Prev 6 of 10 Next > Help Save & Exit Submit Check my work

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Ch8HW Saved 6 Franklin Manufacturing Company established the following standard price and cost data. Variable manufacturing cost Sales price 1 points Fixed manufacturing cost eBook Fixed selling and administrative cost $ 8.20 per unit $ 3.20 per unit $ 2,700 total $ 900 total Franklin planned to produce and sell 2,300 units. Actual production and sales amounted to 2,500 units. Required a. Determine the sales and variable cost volume variances. Hint b. Classify the variances as favorable (F) or unfavorable (U). Print References Mc Graw Hill d. 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. Complete this question by entering your answers in the tabs below. Req A and B Req D Req E a. Determine the sales and variable cost volume variances. b. Classify the variances as favorable (F) or unfavorable (U). Note: Select "None" if there is no effect (i.e., zero variance). Volume Variances Sales $ 18,860 Variable manufacturing $ 7,360 U Req A and B Req D > < Prev 6 of 10 Next > Help Save & Exit Submit Check my work
Transcribed Image Text:Ch8HW Saved 6 Franklin Manufacturing Company established the following standard price and cost data. Variable manufacturing cost Sales price 1 points Fixed manufacturing cost eBook Fixed selling and administrative cost $ 8.20 per unit $ 3.20 per unit $ 2,700 total $ 900 total Franklin planned to produce and sell 2,300 units. Actual production and sales amounted to 2,500 units. Required a. Determine the sales and variable cost volume variances. Hint b. Classify the variances as favorable (F) or unfavorable (U). Print References Mc Graw Hill d. 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. Complete this question by entering your answers in the tabs below. Req A and B Req D Req E a. Determine the sales and variable cost volume variances. b. Classify the variances as favorable (F) or unfavorable (U). Note: Select "None" if there is no effect (i.e., zero variance). Volume Variances Sales $ 18,860 Variable manufacturing $ 7,360 U Req A and B Req D > < Prev 6 of 10 Next > Help Save & Exit Submit Check my work
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