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X Company's 2019 budgeted overhead cost function was C=$8.60X + $231,900, where X is the number of units produced. The following information is also available
X Company's 2019 budgeted overhead cost function was C=$8.60X + $231,900, where X is the number of units produced. The following information is also available for 2019:
Master | Actual | |
Budget | Results | |
Production | 10,500 units | 13,400 units |
Total variable costs | $90,300 | $124,389 |
Total fixed costs | $231,900 | $234,471 |
1. What was the total overhead static budget for 2019?
2. What was the total overhead flexible budget variance for 2019 [a positive number means a favorable variance and a negative number means an unfavorable variance]?
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