Flexible budget: A flexible budget is prepared based on the actual level of activity. It shows the value of actual cost at budgeted rate of cost. The value of cost under flexible budget is ascertained by multiplying the standard rate with the actual level of activity. To determine: What is the total flexible budget cost for 84 connectors per month of MajorNet?

Question

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Answer 1

Question

Chapter 23, Problem 1QC

To determine

Flexible budget:

A flexible budget is prepared based on the actual level of activity. It shows the value of actual cost at budgeted rate of cost. The value of cost under flexible budget is ascertained by multiplying the standard rate with the actual level of activity.

To determine:

What is the total flexible budget cost for 84 connectors per month of MajorNet?

Expert Solution & Answer

Explanation of Solution

C. $19,680

Calculations:

Flexible Budget MajorNet System
Actual Production and sales of Connectors	84 units
Variable costs (84 units X $145)	$12,180
Fixed costs	$7,500
Total Flexible budget cost	$19,680

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Answer 2

Question

Chapter 23, Problem 1QC

To determine

Flexible budget:

A flexible budget is prepared based on the actual level of activity. It shows the value of actual cost at budgeted rate of cost. The value of cost under flexible budget is ascertained by multiplying the standard rate with the actual level of activity.

To determine:

What is the total flexible budget cost for 84 connectors per month of MajorNet?

Expert Solution & Answer

Explanation of Solution

C. $19,680

Calculations:

Flexible Budget MajorNet System
Actual Production and sales of Connectors	84 units
Variable costs (84 units X $145)	$12,180
Fixed costs	$7,500
Total Flexible budget cost	$19,680

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Answer 3

Question

Chapter 23, Problem 1QC

To determine

Flexible budget:

A flexible budget is prepared based on the actual level of activity. It shows the value of actual cost at budgeted rate of cost. The value of cost under flexible budget is ascertained by multiplying the standard rate with the actual level of activity.

To determine:

What is the total flexible budget cost for 84 connectors per month of MajorNet?

Expert Solution & Answer

Explanation of Solution

C. $19,680

Calculations:

Flexible Budget MajorNet System
Actual Production and sales of Connectors	84 units
Variable costs (84 units X $145)	$12,180
Fixed costs	$7,500
Total Flexible budget cost	$19,680

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Answer 4

Question

Chapter 23, Problem 1QC

To determine

Flexible budget:

A flexible budget is prepared based on the actual level of activity. It shows the value of actual cost at budgeted rate of cost. The value of cost under flexible budget is ascertained by multiplying the standard rate with the actual level of activity.

To determine:

What is the total flexible budget cost for 84 connectors per month of MajorNet?

Expert Solution & Answer

Explanation of Solution

C. $19,680

Calculations:

Flexible Budget MajorNet System
Actual Production and sales of Connectors	84 units
Variable costs (84 units X $145)	$12,180
Fixed costs	$7,500
Total Flexible budget cost	$19,680

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Answer 5

Chapter 23, Problem 1QC

To determine

Flexible budget:

A flexible budget is prepared based on the actual level of activity. It shows the value of actual cost at budgeted rate of cost. The value of cost under flexible budget is ascertained by multiplying the standard rate with the actual level of activity.

To determine:

What is the total flexible budget cost for 84 connectors per month of MajorNet?

Expert Solution & Answer

Explanation of Solution

C. $19,680

Calculations:

Flexible Budget MajorNet System
Actual Production and sales of Connectors	84 units
Variable costs (84 units X $145)	$12,180
Fixed costs	$7,500
Total Flexible budget cost	$19,680

Answer 6

Chapter 23, Problem 1QC

To determine

Flexible budget:

A flexible budget is prepared based on the actual level of activity. It shows the value of actual cost at budgeted rate of cost. The value of cost under flexible budget is ascertained by multiplying the standard rate with the actual level of activity.

To determine:

What is the total flexible budget cost for 84 connectors per month of MajorNet?

Expert Solution & Answer

Explanation of Solution

C. $19,680

Calculations:

Flexible Budget MajorNet System
Actual Production and sales of Connectors	84 units
Variable costs (84 units X $145)	$12,180
Fixed costs	$7,500
Total Flexible budget cost	$19,680

Answer 7

Chapter 23, Problem 1QC

To determine

Flexible budget:

A flexible budget is prepared based on the actual level of activity. It shows the value of actual cost at budgeted rate of cost. The value of cost under flexible budget is ascertained by multiplying the standard rate with the actual level of activity.

To determine:

What is the total flexible budget cost for 84 connectors per month of MajorNet?

Answer 8

Expert Solution & Answer

Explanation of Solution

C. $19,680

Calculations:

Flexible Budget MajorNet System
Actual Production and sales of Connectors	84 units
Variable costs (84 units X $145)	$12,180
Fixed costs	$7,500
Total Flexible budget cost	$19,680