X Company's December 31, 2020 flexible budget for variable overhead was $140,656, based on actual production in 2020 of 11,800 units. On January 1, 2020, the company expected to produce 10,000 units. What was the 2020 static (master) budget for variable overhead? A: $101,320B: $110,856 C: $119,200 D: $131,120 E: $140,656 F: $166,026 The following is monthly budgeted cost and activity information for two activities in the purchasing department of X Company Variable Fixed Cost Activity Costs Costs Driver Supplier 270 relations $6,480 $16,800 suppliers 890 Invoicing $13,350 $23,100 Involces In November, actual costs and activity were as follows: Total Driver Activity Costs Amount Supplier relations $22,399 268 suppliers Invoicing $35,254 873 invoices What was the flexible budget variance for the invoicing activity for November (assume that favorable variances are positive numbers and unfavorable variances are negative numbers)? A: $-22,159B: $-21,904 C: $-12,154 D: $0 E: $941 F: $1,196 X Company, a manufacturer, prepares monthly financial statements. On January 1, total equities were $115,839. The following transactions occurred during January: Issued additional shares of stock for $103,000. Acquired $8,000 of direct materials, $4,080 of it bought on open account, the rest paid for with cash. A one year rental agreement was signed for $6,200 per month. Rent for the first three months was paid in advance. Product sales were $114,000, $23,011 of which were on account; the rest were cash sales. Product costs were $91,200. Paid wages and salaries of $10,718. Paid $23,498 to suppliers for materials that X Company had previously purchased on account. . Collected $23,011 from customers who had previously purchased products from X Company on account What would total equities be on January 31? (Ignore adjusting entries.] A: $211,503 B: $281,299 C: $374,128 D: $497,590 E: $661,794 F: $880,187 AIA