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Munoz Manufacturing Company established the following standard price and cost data. Sales price Variable manufacturing...

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Accounting

Munoz Manufacturing Company established the following standard price and cost data.
Sales price
Variable manufacturing cost
$8.30 per unit
$3.80 per unit
$2,100 total
$900 total
Fixed manufacturing cost
Fixed selling and administrative cost
$900 total
Munoz planned to produce and sell 2,200 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).
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