At the start of 2020, X Company developed the following budgeted total cost function: $8.62X + $218,800, where X is number of units produced. Budgeted production for the year was 10,500 units.

It turned out that 9,300 units were produced in 2020, total variable costs were actually $86,397, and fixed costs were $242,720. 2. What was the 2020 flexible budget variance for fixed costs [a positive number means a favorable variance and a negative number means an unfavorable variance]?

3. What was the 2020 flexible budget variance for total variable costs [a positive number means a favorable variance and a negative number means an unfavorable variance]