Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a and b please thornton manufacturing company es

a and b please Thornton Manufacturing Company established the following standard price and...

50.1K

Verified Solution

Question

Accounting

a and b please

image

Thornton 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 3.90 per unit $3,000 total $900 total Thornton planned to produce and sell 2,300 units. Actual production and sales amounted to 2,400 units. Assume that the actual sales price is $8.25 per unit and that the actual variable cost is $4.15 per unit. The actual fixed manufacturing cost is $2,200, and the actual selling and administrative costs are $925 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).) Flexible Budget Variances Sales Variable manufacturing Contribution margin Fixed manufacturing Fixed selling and administrative cost Net income (loss)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Two different genes controlling pod morphology in peas are found on chromosome 5. The narrow pod...

Biology
Q

According to world systems theory, what are the three unequal economic zones? What are the characteristic...

Psychology
Q

Use the method of variation of parameters to determine a particular solution to the given equation. y???+27y??+243y?+729y=e^?9x yp(x)=?

Advance Math
Q

Which phrase correctly identifies the role of tRNA A Carrying the genetic code for a...

Biology
Q

If f x f x 9x8 what is f x Remember the constant of integration

Basic Math
Q

Determine whether the value 41 is a parameter or statistic 41 of a State College...

Statistics
Q

f x f 2 x 4x 3 x 6x7 imum lim f x I 2...

Calculus
Q

Waterway Industries has outstanding 598000 shares of $2 par common stock and 123000 shares of...

Accounting
Q

Suppose Bookholders sells 1,000 used textbooks per day at an average price of $30. Assume...

Accounting
Q

Walton Trophies makes and sells trophies it distributes to little league ballplayers. The company normally...

Accounting
Q

Use the following corn futures quotes: Corn 5,000...

Finance
Q

a) Define Modigliani and Millers dividend irreverence theory. What are the limitations of this. theory?...

Finance