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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Define data processing and explain the steps to be followed for data processing

Basic Math
Q

A mixture is made by combining 11.5 mL of 8.5×10−3 M KSCN, 6.3 mL of 3.7×10−2...

Chemistry
Q

Chapter 16 REPRODUCTIVE SYSTEM Case Scenario 3: You, as a School Nurse, scheduled to have a session...

Medical Sciences
Q

There are 2 different catalogs sent to customers. One of the catalogs costs 50 cents to...

Basic Math
Q

Samsung is spending $8 billion to try to gain an edge on other big tech companies...

Finance
Q

Exit Ticket 11 6 Which of the following is an expression that represents The sum...

Algebra
Q

At the beginning of the year, Poplock began a calendar-year dog boarding business called Griffs...

Accounting
Q

Exercise 11.6 (Algo) Managing a Constrained Resource [LO11-6] Portsmouth Company makes upholstered furniture. Its only...

Accounting
Q

The T-accounts, along with their beginning balances have been opened for you. Post the December...

Accounting
Q

Question A What is the difference between operations costing and a process costing system? How...

Accounting
Q

Annuity Payment and EAR You want to buy a car, and a local bank will...

Finance
Q

A useful measure used to evaluate the performance of an investment center is investment center...

Accounting