Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. show work please! fanning manufacturing company

show work please! Fanning Manufacturing Company established the following standard price and cost...

60.1K

Verified Solution

Question

Accounting

image

show work please!

Fanning Manufacturing Company established the following standard price and cost data: Fanning planned to produce and sell 2,900 units. Actual production and sales amounted to 3,200 units. Assume that the actual sales price is $8.60 per unit and that the actual variable cost is $3.50 per unit. The actual fixed manufacturing cost is $1,600, and the actual selling and administrative costs are $840. Required a.\&b. Determine the flexible budget variances and classify the effect of each variance by selecting favorable (F) or unfavorable (U). Note: Select "None" if there is no effect (i.e., zero variance)

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

Investor W has the opportunity to invest $615,000 in a new venture. The projected cash flows...

Finance
Q

Choose one trend for future reimbursement methodology that is pertinent to hospitals and describing the changing...

Finance
Q

Answer questions 5-9 below using the information in this experimental description. Dr. Meyer wants to study...

Biology
Q

Question 10 Points 2 What is an economic system characterized by private or corporate ownership...

Biology
Q

Write a statement explaining what the probability means in the previous problem

Statistics
Q

The total sales, S, of a one-product firm are given by S(L,M) = ML -...

Calculus
Q

9u(u + 3) (u + 2)Use logarithmic differentiation to determine the derivative of f.dduLet f(u)=-[f(u)]=

Calculus
Q

K Give an example of a function that is one to one on the entire...

Calculus
Q

Please answer all parts. Q5 2 Points TTL manufactures specialty equipment for airplanes...

Accounting
Q

The Sunland company expects to produce 1,200,000 units of product xx in 2022. Monthly production...

Accounting
Q

Taylor Corporation reports inventory and cost of goods sold based on calculations from a LIFO...

Accounting
Q

ToyWorks Ltd. is a company that manufactures and sells a single product, which they call...

Accounting