Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

X Company's 2021 budgeted cost function for fixed overhead was C $199,000. Its budgeted cost function for variable overhead was C-$11.70X, where X is

image text in transcribed

X Company's 2021 budgeted cost function for fixed overhead was C $199,000. Its budgeted cost function for variable overhead was C-$11.70X, where X is the number of units produced. The following information is also available for 2021 Master Actual Budget Results Production 10,000 units 11,400 units Total variable costs $117,000 $134,101 Total fixed costs $199,000 $194,735 1. What was the total overhead master (static) budget for 2021? Submit Answer Tries 0/3 2. What was the total overhead flexible budget for 2021? Submit Answer Tries 0/3 X Company's 2021 budgeted cost function for fixed overhead was C $199,000. Its budgeted cost function for variable overhead was C-$11.70X, where X is the number of units produced. The following information is also available for 2021 Master Actual Budget Results Production 10,000 units 11,400 units Total variable costs $117,000 $134,101 Total fixed costs $199,000 $194,735 1. What was the total overhead master (static) budget for 2021? Submit Answer Tries 0/3 2. What was the total overhead flexible budget for 2021? Submit Answer Tries 0/3

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions