Answered step by step
Verified Expert Solution
Question
1 Approved Answer
X Company's 2018 budgeted cost function for variable overhead was C=$9.40X, where X is the number of units produced, and its budgeted cost function for
X Company's 2018 budgeted cost function for variable overhead was C=$9.40X, where X is the number of units produced, and its budgeted cost function for fixed overhead was C=$237,200. The following information is also available for 2018:
Master | Actual | |
Budget | Results | |
Production | 10,700 units | 11,500 units |
Total variable costs | $100,580 | $87,158 |
Total fixed costs | $237,200 | $235,918 |
What was the total overhead flexible budget variance for 2018 [a positive number means a favorable variance and a negative number means an unfavorable variance]?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started