Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. perez manufacturing company established the follow

Perez Manufacturing Company established the following standard price and cost data:...

90.2K

Verified Solution

Question

Accounting

image
Perez Manufacturing Company established the following standard price and cost data: Sales price Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative cost $ 8.30 per unit $ 3.50 per unit $2,700 total $ 900 total Perez planned to produce and sell 2,200 units. Actual production and sales amounted to 2.500 units. Assume that the actual sales price is $7.95 per unit and that the actual variable cost is $3.80 per unit. The actual fixed manufacturing cost is $2,400, 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 f.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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

Bankruptcy costs are a disincentive to debt financing.

General Management
1.2K views

write Issues, Rules, Analysis and conclusion on First National Maintenance Corp Vs NLRB

Physics
1.2K views

The magnetic flux in a coil of 100 turns increases by 12 x 103 Maxwell...

Physics
1.2K views

4 Zero A point mass m is placed at a distance R from the surface...

Basic Math
1.2K views

1 cup 8 fluid Ounces Does that mean it takes 24 fluid ounces of Yes...

Basic Math
1.2K views

If a certain number is added to the numerator and denominator of 7/11 the result...

Statistics
1.2K views

3 Savanah and her friend survey everyone at the Bernstain Bears exhibit and everyone at...

Accounting
1.2K views

you are the office manager of a small financial credit business. An international applicant that...

Accounting
1.2K views

6. What is the total project budget for design in this time-phased budget? Activity July...

Accounting
1.2K views

Longwood Corporation processes a liquid into three outputs: K2,K4, and K5. The sales value of...

Accounting
1.2K views

Sandy drove 5,632 personal kilometres in 2022. What is the operating cost benefit? Your

Accounting
1.2K views

Calculating Leverage Ratios Target Corporation reported the following amounts (in millions) in a recent Form...