Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Questions 1 & 2 refer to the following information: X Company's 2019 budgeted overhead cost function was C=$10.80X + $222,900, where X is the number
Questions 1 & 2 refer to the following information: X Company's 2019 budgeted overhead cost function was C=$10.80X + $222,900, where X is the number of units produced. The following information is also available for 2019: Production Total variable costs Total fixed costs Master Budget 10,500 units $113,400 $222,900 Actual Results 13,400 units $166,711 $225,405 1. What was the total overhead static budget for 2019? E: $370,125|OF: $392,116 A: $144,720 B: $336,300C: $338,805 OD: $367,620 Submit Answer Tries 0/99 2. What was the total overhead flexible budget variance for 2019 [a positive number means a favorable variance and a negative number means an unfavorable variance]? C: $-29,395 OD: $-24,496 OE: $-21,991 OF: $-19,597 OA: $-55,816 OB: $-53,311 Submit Answer Tries 0/99
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started