Question

X Company's 2019 budgeted overhead cost function was C=$9.90X + $200,900, where X is the number...


X Company's 2019 budgeted overhead cost function was C=$9.90X + $200,900, where X is the number of units produced. The following information is also available for 2019:

Master     Actual     
Budget     Results    
Production 10,700 units 13,100 units
Total variable costs $105,930   $151,659  
Total fixed costs $200,900   $204,158  


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



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

A: $129,690 B: $306,830 C: $310,088 D: $330,590 E: $333,848 F: $355,817

answer:

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: $-48,987 B: $-45,729 C: $-30,272 D: $-25,227 E: $-21,969

F: $-20,182

answer:

Homework Answers

Answer #1
Master Budget Actual Result
1 Production 10700 13100
Total Variable Costs 105930 151659
Total Fixed Costs 200900 204158
Total Overhead Cost 355817
Budgeted Overhead Costs:
C=9.9X+200900
C=9.9(10700)+200900
306830
Answer is B
2 Budgeted Overhead Cost               306,830
Less: OH Cost at Flexible Budget               355,817
Variance-Unfavourable -               48,987
A
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