Walton Manufacturing Company established the following standard price and cost data:
tableSales price,$ per unitVariable manufacturing cost,$ per unitFixed manufacturing cost,$ totalFixed selling and administrative cost,$ total
Walton planned to produce and sell units. Actual production and sales amounted to units.
Assume that the actual sales price is $ per unit and that the actual variable cost is $ per unit. The actual fixed manufacturing cost is $ and the actual selling and administrative costs are $
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 ie zero variance
tabletableFlexible BudgetVariancesSalesVariable manufacturing,,Contribution margin,,Fixed manufacturing,,Fixed selling and administrative cost,,Net income loss
