Cherokee manufacturing company established the following standard price and cost data
sales price $12.00 per unit
variable manufacturing cost 7.20 per unit
fixed manufacturing cost $3,600 total
fixed selling and administrative cost $1,200 total cherokee planned to produce and sell 2,000 units. actual production and sales amounted to 2,200 units assume that the actual sales price is $11.76 per unit and that the actual variable cost is $6.90 per unit. the actual fixed manufacturing cost is $3,000, and the actual selling and administrative costs are $1,230 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 (i. e., zero flexible budget variances:
a)sales b)variable manufacturing c)contribution margin d)fixed manufacturing e)fixed selling and administrative cost e)net income (loss)