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Anonymous

Dec 20, 2024

Majornet systems is a​ start-up company that makes connectors for​ high-speed internet connections. the company has budgeted variable

Majornet Systems is a start-up company specializing in the production of connectors for high-speed internet connections. The company has budgeted variable costs of $145 per connector and fixed costs of $7,500 per month. Majornet's static budget projected production and sales of 100 connectors in August, but the company actually produced and sold only 84 connectors, incurring a total cost of $21,000.

Majornet Systems' managers could establish direct labor standards based on:
a. Time-and-motion studies
b. Continuous improvement
c. Benchmarking
d. All of the above

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2 Answers

A
Anonymous

Feb 12, 2025

$ 12180Explanation:Given data in the problem:Variable cost for each connector = $ 145 Fixed cost per month = $ 7500Predicted production and sales = 100 connectorsActual production and sales = 84 connectorsTotal cost of the connectors = $ 21000Now, The total flexible budget cost for 84 connectors is calculated as:= 84 × variable costorThe total flexible budget cost for 84 connectors = 84 × $ 145orThe total flexible budget cost for 84 connectors = $ 12180
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J
Johann Bergnaum

Feb 14, 2025

Option D. All of the above.Explanation:The reason is that time and motion studies is basically about scientific engineering and is helpful in increasing the efficiency. Hence is can be used for setting direct labor standards.Furthermore, continuous improvement model would be used for looking at processes that will be helpful in increasing the efficiency. So taking account of such type of future efficiency gain can be helpful in setting standards.Benchmark in the industry or of a competitor can also be used to set standards. Hence all of the options are correct.
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