Prevlar's budget for varlable overhead and fixed overhead revealed the following Information for an anticipated 42,000 hours of activity: varlable overhead, $449,400: fixed overhead. $650,000. y worked 45,000 hours and actual overhead incurred was: variable, $466,500; fixed, $648,000. Required: A Compute the company's total cost variance for variable overhead and fixed overhead if the firm uses a static budget to help asses B. Compute the company's total cost variance for variable overhead and fixed overhead if the firm uses a static budget to help asses performance. performance. Assuming the use of a flexible budget. which of the two budgets (static or flexible) is preferred for performance evaluations? 1,114,500 1,099.400 15,100 A. Actual Static budget unfavorable 1.131,500 1,114,500 17,000 B. Flexible budget Actual favorable C. Preferred for performance evaluations? Flexible budget Next > Prey20 of 26