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X Company's December 31, 2020 flexible budget for variable overhead was $101,022, based on actual production in 2020 of 11,300 units. On January 1, 2020, the company expected to produce 10,400 units.

What was the 2020 static (master) budget for variable overhead?

A: $79,030

B: $86,468

C: $92,976

D: $101,022

E: $102,274

F: $109,723