Walton Manufacturing Company established the following standard price and cost data. Sales price $ 8.30 per unit
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Question:
Walton Manufacturing Company established the following standard price and cost data.
| Sales price | $ | 8.30 | per unit |
| Variable manufacturing cost | $ | 3.50 | per unit |
| Fixed manufacturing cost | $ | 2,900 | total |
| Fixed selling and administrative cost | $ | 1,000 | total |
Walton planned to produce and sell 2,400 units. Actual production and sales amounted to 2,600 units.
Required
Determine the sales and variable cost volume variances.
Classify the variances as favorable (F) or unfavorable (U).
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.
Expert Answer:
Related Book For 
College Accounting Chapters 1-30
ISBN: 978-0077862398
14th edition
Authors: John Price, M. David Haddock, Michael Farina
Posted Date:
