1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kotykmax [81]
3 years ago
6

Systems is a​ start-up company that makes connectors for​ high-speed Internet connections. The company has budgeted variable cos

ts of $ 125 for each connector and fixed costs of $ 4 comma 500 per month. ExpertNet​'s static budget predicted production and sales of 100 connectors in​ August, but the company actually produced and sold only 77 connectors at a total cost of $ 26 comma 000. ExpertNet​'s sales volume variance for total costs is
Business
1 answer:
sergeinik [125]3 years ago
4 0

Answer:

Volume variance  $2,875  favorable

Explanation:

The volume variance is the difference between the standard cost of the budgeted production units and the actual cost of the actual production units.

                                                                                                       $

Standard cost of 100 units:

=  4,500 + (100× 125)                                                                17,000

Actual cost for 77 units ( 4,500 + (77× 125) =                        <u> 14,125 </u>

Volume variance                                                                     <u> 2,875  favorable</u>

You might be interested in
What does the owner of a miniature golf business provide her customers with?
N76 [4]

Answer:

golf clubs

Explanation:

4 0
3 years ago
Breyer's introduced for sale a new line of ice cream flavors in elegant black containers. This was done on a limited scale to de
Archy [21]

Answer: market testing      

                                     

Explanation: In simple words, market testing refers to the process in which a product is tested in real situation with actual potential customers before introducing it to the market. Market testing is usually done for the purpose of detecting problem so that appropriate changes could be made in the product.

In the given case, the company introduced its ice cream to only few numbers of customers to evaluate their reactions.

Hence that were at market testing stage

7 0
3 years ago
Listed here are product costs for the production of soccer balls.
VikaD [51]

Answer:

<u>(a) as either fixed or variable</u>

fixed

Coolants for machinery

Annual flat fee paid for factory security

Machinery depreciation (straight-line)

Taxes on factory

variable

Lace to hold leather together

Wages of assembly workers

Leather covers for soccer balls

<u>(b) as either direct or indirect</u>

direct

Lace to hold leather together

Wages of assembly workers

Leather covers for soccer balls

indirect

Coolants for machinery

Annual flat fee paid for factory security

Machinery depreciation (straight-line)

Taxes on factory

Explanation:

Fixed Costs are constant for any production level. Variable Costs vary directly with production.

Direct Costs are easily traced to the product manufactured. Indirect costs are not easily traced and they need to be allocated to Products manufactured.

7 0
3 years ago
Journalizing Adjusting Entries Journalize the following adjusting entries in the general journal below.
Zarrin [17]

Answer:

See below

Explanation:

1. Supply expense.                   700

       Supplies inventory.                        700

2. Insurance expense.              650

        Prepaid insurance.                         650

3. Depreciation expense.          200

        Accumulated Depreciation.           200

4. Wages expense.                    100

         Wages payable.                             100

7 0
3 years ago
A company paid $200 cash for supplies that were purchased last month. However, the company recorded a debit to Accounts Payable
hjlf

This company's accounting records are: Incorrect because debits side  do no equal credits side.

<h3>Accounting record</h3>

Based on the information given their is an error when recording the journal entry reason  been that we are supposed to credit cash with the amount of $200 and not $20.

Due to this error this company's accounting records will be wrong or  Incorrect based on the fact that the  debits side  do no equal credits side.

The principle of accounting entry states that "Every debit entry must have a corresponding credit entry and every credit entry must have a corresponding debit entry"

The correct entry was supposed to be:

Debit Account payable $200

Credit Cash $200

Inconclusion  this company's accounting records are: Incorrect because debits side  do no equal credits side.

Learn more about accounting record here:brainly.com/question/26282268

3 0
2 years ago
Other questions:
  • When defining its market segments, the xyz company identifies groups based on characteristics such as age, gender, income, and e
    9·1 answer
  • On January 1, Avers Co. borrowed $10,000 cash from Main St. Bank by signing a 60-day, 8% interest-bearing note. On March 1, Aver
    5·1 answer
  • Halifax Manufacturing allows its customers to return merchandise for any reason up to 90 days after delivery and receive a credi
    14·1 answer
  • Your boss has asked you to post a message on the company's internal blog, urging everyone in your department to donate money to
    11·1 answer
  • Which best explains the difference between fiat money and commodity money?
    11·2 answers
  • What is monetary policy involves decreasing the money supply.
    9·1 answer
  • A radio station wants to increase the diversity of age groups that tune in to their shows. How would the radio station achieve t
    11·2 answers
  • Assume an investor purchases the net assets of an investee for the cash purchase price is $75,600. The investor is willing to pu
    7·1 answer
  • Select the correct answer.
    8·1 answer
  • A company is considered a price setter when: ____________
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!