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X Company's 2015 budgeted cost function for variable overhead was C=$8.50X and its budgeted cost function for fixed overhead was C=$237,800.The following information is also
X Company's 2015 budgeted cost function for variable overhead was C=$8.50X and its budgeted cost function for fixed overhead was C=$237,800.The following information is also available for 2015:
Master | Actual | |
Budget | Results | |
Production | 10,300 units | 11,800 units |
Total variable costs | $87,550 | $103,057 |
Total fixed costs | $237,800 | $238,638 |
1. What was the total overhead flexible budget variance for 2015 [submit a favorable variance as a positive number and an unfavorable variance as a negative number]?
2. What was the total overhead static budget for 2015?
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