On January 1, 2017, X Company developed the following overhead cost function for the year:...
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Accounting
On January 1, 2017, X Company developed the following overhead cost function for the year: $212,000 + $8.77X, where X is the number of units produced. The following additional information for 2017 is available:
1. What was the 2017 master (static) budget for total overhead?
2. What was the 2017 flexible budget for total overhead?
| Budgeted production | 10,400 units |
| Actual production | 9,800 units |
| Actual fixed costs | $214,000 |
| Actual variable costs per unit | $9.07 |
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