Question: X Company's 2021 budgeted cost function for fixed overhead was C=$191,400. Its budgeted cost function for variable overhead was C=$9.00X, where X is the number

X Company's 2021 budgeted cost function for fixed overhead was C=$191,400. Its budgeted cost function for variable overhead was C=$9.00X, where X is the number of units produced. The following information is also available for 2021:

Master Actual
Budget Results
Production 10,700 units 11,800 units
Total variable costs $96,300 $120,917
Total fixed costs $191,400 $194,772

1. What was the total overhead master (static) budget for 2021?

A: $96,300 B: $287,700 C: $297,600 D: $300,972 E: $312,317 F: $315,689
Answer Submitted: Your final submission will be graded after the due date. Tries 1/99 Previous Tries

2. What was the total overhead flexible budget for 2021?

A: $96,300 B: $287,700 C: $297,600 D: $300,972 E: $312,317 F: $315,689

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!