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The following information is available regarding X Company' utility costs in 2020: Estimated production 3,300 units Budgeted fixed costs $12,000 Budgeted total variable costs $21,549
The following information is available regarding X Company' utility costs in 2020:
Estimated production | 3,300 units |
Budgeted fixed costs | $12,000 |
Budgeted total variable costs | $21,549 |
Actual production | 2,700 units |
Actual total costs | $34,940 |
6. What was the static budget for total utility costs in 2020?
A: $-1,391 | B: $17,631 | C: $21,549 | D: $29,631 | E: $33,549 | F: $34,940 |
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.]
A: $-2,257 | B: $-3,001 | C: $-3,992 | D: $-5,309 | E: $-7,061 | F: $-9,391 |
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