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

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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
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