Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following information is available regarding X Company' utility costs in 2020: Estimated production Budgeted fixed costs Budgeted total variable costs Actual production Actual total

image text in transcribed

The following information is available regarding X Company' utility costs in 2020: Estimated production Budgeted fixed costs Budgeted total variable costs Actual production Actual total costs 3,100 units $12,000 $21,297 2,900 units $32,182 6. What was the static budget for total utility costs in 2020? OA: $1,115 OB: $19,923 OC: $21,297 OD: $31,923 OE: $32,182 OF: $33,297 Submit Answer Tries 0/99 7. What was the flexible budget variance for total utility costs in 2020? [Assume that a positive number means a favorable variance and a negative number means an unfavorable variance.] -133|OB: $-166 Oc: $-207 OD: $-259 OE: $-324 OF: $-405 Submit Answer Tries 0/99

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Internal Auditing An Integrated Approach

Authors: Richard Cascarino

3rd Edition

1485110599, 978-1485110590

More Books

Students also viewed these Accounting questions

Question

What do you need to know about motivation to solve these problems?

Answered: 1 week ago