Question: X Company's 2021 budgeted cost function for variable overhead was C=$11.40X, where X is the number of units produced. Its budgeted cost function for fixed

X Company's 2021 budgeted cost function for variable overhead was C=$11.40X, where X is the number of units produced. Its budgeted cost function for fixed overhead was C=$196,100. The following information is also available for 2021:

Master Actual
Budget Results
Production 10,400 units 11,100 units
Total variable costs $118,560 $148,551
Total fixed costs $196,100 $194,930

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

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

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