Jordan Manufacturing Company established the following standard price and cost data. Jordan planned to produce...
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Jordan Manufacturing Company established the following standard price and cost data. Jordan planned to produce and sell 2,400 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. Complete this question by entering your answers in the tabs below. 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). Complete this question by entering your answers in the tabs below. Determine the amount of fixed cost that will appear in the flexible budget. Complete this question by entering your answers in the tabs below. Determine the fixed cost per unit based on planned activity and the fixed cost per unit based on actual activ Note: Round your answers to 2 decimal places
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