Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. exercise 8-4a (algo) determining sales and variabl

Exercise 8-4A (Algo) Determining sales and variable cost volume variances LO 8-3 Jordan Manufacturing...

50.1K

Verified Solution

Question

Accounting

Exercise 8-4A (Algo) Determining sales and variable cost volume variances LO 8-3
Jordan Manufacturing Company established the following standard price and cost data.
Sales price
Variable manufacturing cost
Fixed manufacturing cost
Fixed selling and administrative cost
$9.00 per unit
$3.00 per unit
$2,200 total
$500 total
Jordan planned to produce and sell 2,100 units. Actual production and sales amounted to 2,400 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.
Complete this question by entering your answers in the tabs below.
Req A and B
a. Determine the sales and variable cost volume variances.
b. Classify the variances as favorable (F) or unfavorable (U).
Note: Select "None" if there is no effect (i.e., zero variance).
Volume Variances
image

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

7 Use elimination or substitution to solve the system of equations 2 y x 3x...

Advance Math
1.2K views

A town offers a lottery. To win the grand prize of $1,000,000, your ticket needs to...

Chemistry
1.2K views

When plotting a calibration curve to use for ion chromatography, would it be better to use...

Mechanical Engineering
1.2K views

What are the typical characteristics of those processes most likely to benefit from Model predictive control...

Accounting
1.2K views

Why is it important to study and understand accounting? Explain the accounting equation and define its...

Biology
1.2K views

Question 7 Disinfection of beverages such as apple juice milk wine is optimally achieved by...

Biology
1.2K views

Dil sands in the reservoir are as solid as a hockey puck Select Select resource...

Physics
1.2K views

5 OABC is a carrying square loop An electron is projected from the centre of...

Calculus
1.2K views

n 3 of 5 1 point Attempt 2 of Unlimited View c nes leave the...

Algebra
1.2K views

Problem 7 Which of the following statements are always true for vectors in R i...

Accounting
1.2K views

question 4 ch 10 The St. Lucia Blood Bank, a private charity partly supported by...

Accounting
1.2K views

Blanton Plastics, a household plastic product manufacturer, borrowed $28 million cash on October 1, 2013,...