Question: Exercise 8-4A (Algo) Determining sales and variable cost volume variances LO 8-3 Benson Manufacturing Company established the following standard price and cost data, sales price
Exercise 8-4A (Algo) Determining sales and variable cost volume variances LO 8-3 Benson Manufacturing Company established the following standard price and cost data, sales price Variable manufacturing cost Tixed manufacturing cont Fixed selling and administrative cont $ 8.90 per unit $ 3.40 per unit $2,400 total $ 800 total Benson planned to produce and sell 2,600 units. Actual production and sales amounted to 2,900 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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