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dangina [55]
3 years ago
9

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

variable costs of $150 for each connector and fixed costs of $ 5,500 per month. Cybernet ​'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 $ 28,000. Cybernet Systems flexible budget variance for total costs is:_________
Business
1 answer:
Sophie [7]3 years ago
8 0

Answer:

$10,950 Unfavorable

Explanation:

For computation of flexible budget variance for total costs first we need to find out the standard cost which is shown below:-

Standard cost = (Sold connectors × budgeted variable costs) + Fixed costs per month

= (77 × $150) + $5,500

= $11,550 + $5,500

= $17,050

Flexible budget variance for total costs = Actual cost - Standard cost

= $28,000 - $17,050

= $10,950 Unfavorable

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During 2019, half of the treasury stock was resold for $180,000; net income was $510,000; cash dividends declared were $1,320,00
Sliva [168]

Answer:

$5,790,000 using opening balance assumption which was not provided in the question

Explanation:        

Shareholders Equity 2019= Opening Shareholders Equity + Resold Treasury Stock + Net income - Cash Dividends Paid

Here

Resold Treasury Stock is $180,000

Net income $510,000

Cash Dividends Paid $1,320,000

Opening Shareholders Equity is missing so we assume the following remainder part as I didn't find the remainder part anywhere:

As of Dec. 31, 2018, Warner Corporation reported the following: Dividends payable- 20,000; treasury stock- 600,000; paid-in capital-share repurchase- 20,000; other paid-in capital accounts- 4,000,000; retained earnings- 3,000,000.

So

Opening Shareholder Equity = Opening paid-in capital accounts + Retained earnings - Treasury Stock + Paid in Capital share repurchases

Opening Shareholder Equity = $4,000,000 + $3,000,000 - $600,000 + 20,000 = $6,420,000

By putting values, we have:

Shareholders Equity = $6,420,000 + $180,000 + $510,000 - $1,320,000

Shareholders Equity = $5790,000

4 0
3 years ago
A bakery is one of many that operate in the bread industry. The market demand curve for bread is downward-sloping. The bakery in
RoseWind [281]

Answer: (d.)The bakery faces a flat demand curve.

Explanation:

The bakery faces a flat demand curve  because a firm in a perfectly competitive market is a price taker and the demand curve for a firm is equal to the price  the supply curve is a part of Marginal cost above Average variable cost , so the supply curve is upward sloping . The bakery is in the perfectly competitive market so it can earn positive, negative or zero economic profit in the short run and zero economic profit in the long run.

7 0
3 years ago
When employers use diplomas and degrees to determine who is eligible for jobs, even through the diploma or degree may be relevan
iVinArrow [24]

When employers use diplomas and degrees to determine who is eligible for jobs, even though the diploma or degree may be relevant to the actual work, it becomes a Credential Society.

<h3>What is a diploma?</h3>
  • A diploma is a record given by a school attesting that the holder has graduated after completing their academic programs.
  • Historically, it has also been used to refer to a diplomatic charter or formal document.
  • A testamur, which is Latin for "we testify" or "certify," may also be used to refer to the diploma this term is frequently used in Australia to refer to the document certifying the award of a degree.
  • Alternatively, this document may be referred to as parchment, a degree certificate, or a certificate of graduation.
<h3>What are degrees?</h3>
  • A qualification given to students upon successful completion of a course of study in higher education, typically at a college or university, is known as an academic degree.
  • These institutions frequently provide a variety of degrees, typically including bachelor's, master's, and doctoral degrees, frequently in addition to other academic certificates and professional degrees.
  • The bachelor's degree is the most popular undergraduate degree, while in some nations there are lower level higher education credentials that are also labeled degrees.

Learn more about diploma here:

brainly.com/question/18875360

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7 0
2 years ago
Which of the following are NOT needed to calculate cost of goods sold
jenyasd209 [6]
Option c is correct.
5 0
3 years ago
If Dennis can pay a police officer off so that he does not get a speeding ticket, he is most likely in what type of culture?
Ghella [55]
What are the answer choices
3 0
3 years ago
Read 2 more answers
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