Reference no: EM132836451

Adams Manufacturing Company established the following standard price and cost data:

Sales price $8.70 per unit

Variable manufacturing cost $3.60 per unit

Fixed manufacturing cost $2,800 total

Fixed selling and administrative cost $800 total

Adams planned to produce and sell 2,100 units. Actual production and sales amounted to 2,300 units.

Problem 1: the sales and variable cost volume variances.

Problem 2: Classify the variances as favorable (F) or unfavorable (U).

Problem 3: the amount of fixed cost that will appear in the flexible budget.

Problem 4: the fixed cost per unit based on planned activity and the fixed cost per unit based on actual activity.