Munoz Manufacturing Company established the following standard price and cost data. Sales price $ 8.60 per unit $ 3.40 per unit Variable manufacturing cost Fixed manufacturing cost $ 2,800 total Fixed selling and administrative cost $ 600 total Munoz planned to produce and sell 2,400 units Actual production and sales amounted to 2,600 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

Munoz Manufacturing Company established the following standard price and cost data. Sales price $ 8.60 per unit $ 3.40 per unit Variable manufacturing cost Fixed manufacturing cost $ 2,800 total Fixed selling and administrative cost $ 600 total Munoz planned to produce and sell 2,400 units Actual production and sales amounted to 2,600 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

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Description: Please answer complete question, otherwise skip it,,,answer in text form please (without image) Munoz Manufacturing Company established the following standard price and cost data.Sales priceVariable manufacturing costFixed manufacturing cost$8.60 per

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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AutoSave Off H Document2 - Word P Search (Alt+Q) Sign in File Design References Mailings Review View Help Grammarly Picture Format P Comments A Share Home Insert Draw Layout P Find - - A A Aa v A = - E - E G Times New Roman v 12 Normal No Spacing Heading 1 Replace = = 1E v Editor Open Grammarly Paste BIU I U v - 2. A - ab x, x' A . A Select v Undo Clipboard a Font Paragraph Styles Editing Editor Grammarly a. At the beginning of the year, Addison Company's assets are $200,000 and its equity is $150,000. During the year, assets increase $80,000 and liabilities increase $46,000. What is the equity at year-end? Assets Liabilities Equity Beginning $ 200,000 = 150,000 Change 80,000 = 46,000 + Ending Page 1 of 1 O words Text Predictions: On * Accessibility: Good to go O Focus 110% 9:58 PM P Type here to search 49°F 3/20/2022 近

ne File Edit View History Bookmarks Profiles Tab Window Help M Inbox (2 x MACC101 x (4726) || X Account x| Account X WiConnec× M Question X Content c ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%2 Chapter 7 Quiz i 7 7.58 points Ask Mc Graw Hill Saved QS 7-13 (Algo) Indicating journals used for posting LO P1, P2, P3, P4 The following T-accounts show postings of selected transactions. Indicate the journal used in recording each of these postings a through e. Cash Accounts Receivable Inventory Debit (d) 700 Credit (e) Debit 340 (b) 1,700 Credit (d) Debit Credit 700 (a) 1,520 (c) 1,040 Accounts Payable Sales Debit (e) 340 Credit (a) Debit 1,520 Credit (b) Cost of Goods Sold Credit Debit 1,700 (c) 1,040 Transaction a. b. C. d. e. Journal 12.020 ANE 18 tv A