On June 30, Kahlil Company's cash balance is $4,000. Kahlil is now preparing their cash budget for the third quarter of the year. The following data is provided: Cash budget July Aug Sep Beginning cash balance $4,000 $8,000 $6,958 Plus: Cash collections 50,000 40,000 48,400 Cash available $54,000 $48,000 $55,358 Less: Cash payments Purchases of direct materials 31,000 22,000 17,200 Operating expenses 12,000 9,000 11,000 Capital expenditures 13,000 25,000 0 Interest expense at 5% 0 42 104 I ess: Total cash navments $56.000 $56.042 $28.304 O A. $22,054 B. $55,358 C. $6,958 D. $7,054 HyperNet Systems is a start-up company that makes connectors for high-speed Internet connections. The company has budgeted variable costs of $125 for each connector and fixed costs of $5,000 per month. HyperNet's static budget predicted production and sales of 100 connectors in August, but the company actually produced and sold only 73 connectors at a total cost of $22,000. HyperNet's flexible budget variance for total costs is O A. $3,375 F. O B. $7,875 F. C. $3,375 U. D. $7,875 U