s 1 and 2 refer to the following information X Company's 2021 budgeted cost function for variable overhead was C=$10.80X, where X is the number of units produced. Its budgeted cost function for fixed overhead was C=$197,600. The following information is also available for 2021: Master Budget Actual Results Production 11,000 units 12,000 units Total variable costs Total fixed costs $118,800 $197,600 $132,998 $195,542 1. What was the total overhead master (static) budget for 2021? Submit Answer Tries 0/3 2. What was the total overhead flexible budget for 2021? Submit Answer Tries 0/3