Stuart Publications established the following standard price and costs for a hardcover picture book that the company produces. Standard price and variable costs Sales price Materials cost Labor cost Overhead cost Selling, general, and administrative costs. Planned fixed costs Manufacturing overhead Selling, general, and administrative Assume that Stuart actually produced and sold 35,000 books. The actual sales price and costs incurred follow: Actual price and variable costs Sales price Materials cost Labor cost Overhead cost Selling, general, and administrative costs Actual fixed costs Manufacturing overhead Selling, general, and administrative Sales revenue Variable manufacturing costs $36.50 8.00 3.60 5.60 6.60 Materials Labor Overhead Flexible Budget Variances $ 133,000 45,000 Required a. & b. Determine the flexible budget variances and also indicate the effect of each variance by selecting favorable (F) or unfavorable (U). Note: Select "None" if there is no effect (i.e., zero variance). $ 35.50 8.20 3.50 5.65 6.40 $ 118,000 51,000

Stuart Publications established the following standard price and costs for a hardcover picture book that the company produces. Standard price and variable costs Sales price Materials cost Labor cost Overhead cost Selling, general, and administrative costs. Planned fixed costs Manufacturing overhead Selling, general, and administrative Assume that Stuart actually produced and sold 35,000 books. The actual sales price and costs incurred follow: Actual price and variable costs Sales price Materials cost Labor cost Overhead cost Selling, general, and administrative costs Actual fixed costs Manufacturing overhead Selling, general, and administrative Sales revenue Variable manufacturing costs $36.50 8.00 3.60 5.60 6.60 Materials Labor Overhead Flexible Budget Variances $ 133,000 45,000 Required a. & b. Determine the flexible budget variances and also indicate the effect of each variance by selecting favorable (F) or unfavorable (U). Note: Select "None" if there is no effect (i.e., zero variance). $ 35.50 8.20 3.50 5.65 6.40 $ 118,000 51,000

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Description: Please dont provide solution image format thanx Stuart Publications established the following standard price and costs for a hardcover picture book that the company produces.Standard price and variable costsSales priceMaterials costLabor costOverhead

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter11: Differential Analysis And Product Pricing

Section: Chapter Questions

Problem 16E

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