Question: 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

X Company's 2021 budgeted cost function for fixed overhead was C $199,000.

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

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