Fanning Manufacturing Company established the following standard price and cost data: Sales price Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative cost $ 8.50 per unit $ 4.00 per unit $2,100 total $ 600 total Fanning planned to produce and sell 2,300 units. Actual production and sales amounted to 2,600 units. Assume that the actual sales price is $8.15 per unit and that the actual variable cost is $4.20 per unit. The actual fixed manufacturing cost is $1,400, and the actual selling and administrative costs are $620. Required a.&b. Determine the flexible budget variances and classify the effect of each variance by selecting favorable (F) or unfavorable (U). (Select "None" if there is no effect (i.e., zero variance).)

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Mortgages

A mortgage is a formal agreement in which a bank or other financial institution lends cash at interest in return for assuming the title to the debtor's property, on the condition that the obligation is paid in full.

Mortgage

The term "mortgage" is a type of loan that a borrower takes to maintain his house or any form of assets and he agrees to return the amount in a particular period of time to the lender usually in a series of regular equally monthly, quarterly, or half-yearly payments.