Walton 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 $ 3.00 per unit $ 2,100 total $ 900 total Walton planned to produce and sell 2,300 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. Answer is not complete. Complete this question by entering your answers in the tabs below. Req A and B Req D Req E Determine the fixed cost per unit based on planned activity and the fixed cost per unit based on actual activity. Note: Round your answers to 2 decimal places. Master Budget Fixed cost per unit Flexible Budget
Walton 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 $ 3.00 per unit $ 2,100 total $ 900 total Walton planned to produce and sell 2,300 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. Answer is not complete. Complete this question by entering your answers in the tabs below. Req A and B Req D Req E Determine the fixed cost per unit based on planned activity and the fixed cost per unit based on actual activity. Note: Round your answers to 2 decimal places. Master Budget Fixed cost per unit Flexible Budget
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:Walton 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
$ 3.00 per unit
$ 2,100 total
$ 900 total
Walton planned to produce and sell 2,300 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.
Answer is not complete.
Complete this question by entering your answers in the tabs below.
Req A and B
Req D
Req E
Determine the fixed cost per unit based on planned activity and the fixed cost per unit based on actual activity.
Note: Round your answers to 2 decimal places.
Master
Budget
Fixed cost per unit
Flexible Budget
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