X Company's 2021 budgeted cost function for fixed overhead was C=$194,200. Its budgeted cost function for variable overhead was C=$9.10X, where X is the number of units produced. The following information is also available for 2021:

	Master	Actual
	Budget	Results
Production	10,800 units	11,200 units
Total variable costs	$98,280	$114,299
Total fixed costs	$194,200	$190,588

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

A: $98,280

B: $292,480

C: $292,508

D: $296,120

E: $304,887

F: $308,499

Tries 0/99

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

A: $98,280

B: $292,480

C: $292,508

D: $296,120

E: $304,887

F: $308,499