The following production and cost information is for X Company for 2019: Budgeted production Budgeted costs: Total fixed Per-unit variable Actual production Actual costs: Total fixed Total variable 10,400 units $173,600 $10.81 12,500 units $204,848 $175,144 1. What was the 2019 static budget? A: $112,424 B: $286,024 C: $308,725 D: $317,272 Submit Answer Tries 0/99 E: $339,973 F: $379,992 2. What was the 2019 flexible budget? A: $112,424 B: $286,024 C: $308,725 D: $317,272 Submit Answer Tries 0/99 E: $339,973 F: $379,992 X Company, a manufacturer, prepares monthly financial statements. On August 1, total equities were $115,644. The following transactions occurred during August: .Issued additional shares of stock for $120,000. Acquired $8,300 of direct materials, 51% of of which was acquired on open accounts; the rest was paid in cash. A one year rental agreement was signed for $7,800 per month. Rent for the first two months was paid in advance. Product sales were $104,000; product costs were 76% of sales. 78% of the sales were on open account. Wages and salaries amounted to $10,557, of which $9,736 was paid. Paid $3,902 to suppliers for materials that X Company had previously purchased on account. .Collected $3,439 from customers who had previously purchased products from X Company on account. Bought equipment for $78,000 with a down payment of $12,000 and a $66,000 loan from the bank. 4. What would total equities be on August 31? [Ignore adjusting entries.] A: $172,163 B: $194,544 C: $219,835 D: $248,413 OE: $280,707 F: $317,199 Submit Answer Tries 0/99 5. What would Net Income be for August? [Ignore adjusting entries.] A: $10,522 Submit Answer B: $12,310 C: $14,403 D: $16,852 E: $19,716 F: $23,068 Tries 0/99