ProNet Systems is a start-up company that makes connectors for high-speed Internet connections. The company has budgeted variable costs of $115 for each connector and fixed costs of $6,500 per month. ProNet's static budget productions and sales of 100 connectors in August, but the company actually produced and sold 77 connectors at a total cost of $19,000.    ProNet's flexible budget variance for total costs is    A. 2,645 F. B.  $3,645 F. C.$2,645 U. D. $3,645 U.

Golden Food Products produces special-formula pet food. The company carries no inventories. The master budget calls for the company to manufacture and sell 120,000 cases at a budgeted price of $60 per case this year. The standard direct cost sheet for one case of pet food follows: Direct materials Direct labor Sales revenue Less variable costs Variable overhead is applied based on direct labor-hours. The variable overhead rate is $16 per direct labor-hour. The fixed overhead rate (at the master budget level of activity) is $12 per unit. All nonmanufacturing costs are fixed and are budgeted at $2.2 million for the coming year. At the end of the year, the costs analyst reported that the sales activity variance for the year was $336,000 favorable. The following is the actual income statement (in thousands of dollars) for the year for Golden Food Products: Direct materials Direct labor Variable overhead Total variable costs. Contribution margin Less fixed costs Fixed manufacturing overhead…

Systems a start-up company that makes connectors for high-speed Internet connections. The company has budgeted variable costs of $130 for each connector and fixed costs of $4,500 per month. MetaPro's static budget predicted production and sales of 100 connectors in August , but the company actually produces and sold only 71 connectors at a total cost of $28,000.   MetaPro’s sales volume variance for total costs is   A. $3,770 U. B. $14,270 F. C. $3,770 F. D. $14,270 U

Wildhorse Corporation budgeted $132,000 for its fixed-MOH cost going into the current year. Its actual fixed-MOH cost came in on budget, but it produced and sold 2,500 units instead of the budgeted 3,300. Wildhorse's actual variable manufacturing costs came in on budget at $51 per unit. What is Wildhorse's fixed-MOH volume variance for this year, recognizing that it uses standard costs within is absorption costing system? What is the company's initial COGS (before any variance is considered) and also its adjusted COGS after writing off that variance directly to COGS? Fixed-MOH volume variance $ Unadjusted COGS $ Adjusted COGS $ Unfavorable