Adams Manufacturing Company established the following standard price and cost data: Sales price Variable manufacturing...
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Adams Manufacturing Company established the following standard price and cost data: Sales price Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative cost $ 8.80 per unit $ 3.00 per unit $2,000 total 700 total Adams planned to produce and sell 2,700 units. Actual production and sales amounted to 2,900 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. Cemplete this question by entering your answers in the tabs below. Req A and B Req D Reg E Determine the sales and variable cost volume variances and classify the variances as favorable (F) or unfavorable (U). (Select "None" if there is no effect (i.e., zero variance).) Volume Variances a. Sales b. Variable manufacturing
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