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1) Total flexible budget cost for 84 connectors/month 2-1) Sales volume variance for total cost = 2-2) Is this variance good news? 3-1) Flexible budget variance for total cost = 3-2) Is this variance good news? =

1) Total flexible budget cost for 84 connectors/month 2-1) Sales volume variance for total cost = 2-2) Is this variance good news? 3-1) Flexible budget variance for total cost = 3-2) Is this variance good news? =

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Practice problem 2. MajorNet makes high-speed Internet connectors • Static budget: o Budgeted variable costs = $145/connector o Budgeted fixed costs = $7,500/month o Based on production and sales of 100 connectors in November • Actually, produced and sold 84 connectors • Actual total cost = $21,000 1) Total flexible budget cost for 84 connectors/month 2-1) Sales volume variance for total cost 2-2) Is this variance good news? 3-1) Flexible budget variance for total cost = 3-2) Is this variance good news? =
Transcribed Image Text:Practice problem 2. MajorNet makes high-speed Internet connectors • Static budget: o Budgeted variable costs = $145/connector o Budgeted fixed costs = $7,500/month o Based on production and sales of 100 connectors in November • Actually, produced and sold 84 connectors • Actual total cost = $21,000 1) Total flexible budget cost for 84 connectors/month 2-1) Sales volume variance for total cost 2-2) Is this variance good news? 3-1) Flexible budget variance for total cost = 3-2) Is this variance good news? =
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