X Company's 2018 budgeted cost function for variable overhead was C=$8.70X, where X is the number of
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X Company's 2018 budgeted cost function for variable overhead was C=$8.70X, where X is the number of units produced, and its budgeted cost function for fixed overhead was C=$206,600. The following information is also available for 2018:
Master | Actual | |
Budget | Results | |
Production | 11,000 units | 11,300 units |
Total variable costs | $95,700 | $111,361 |
Total fixed costs | $206,600 | $210,843 |
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]?
Related Book For
Managerial Accounting Creating Value in a Dynamic Business Environment
ISBN: 978-0078110917
9th edition
Authors: Ronald W. Hilton
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