X Company's 2019 budgeted overhead cost function was C=$9.50X + $229,400, where X is the number of units produced. The following information is also available for 2019:

	Master	Actual
	Budget	Results
Production	10,100units	13,700units
Total variable costs	$95,950	$166,773
Total fixed costs	$229,400	$232,934

1. What was the total overhead static budget for 2019?

A: $130,150

B: $325,350

C: $328,884

D: $359,550

E: $363,084

F: $399,707

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]?

A: $-74,357

B: $-70,823

C: $-48,188

D: $-40,157

E: $-36,623

F: $-32,126

3. X Company prepares monthly financial statements. On September 6, its accountant made an entry that resulted in a $60,000 increase in Cash and a $60,000 decrease in Accounts Receivable. Which of the following transactions is consistent with this entry? X Company sold merchandise to customers on account for $60,000. received $60,000 from a new investor. paid $60,000 to a supplier from whom the firm had previously bought merchandise on account. received $60,000 from a customer who bought merchandise with cash. received $60,000 from a customer who had previously bought merchandise on account. borrowed $60,000 from a bank and signed a