s 1 and 2 refer to the following information X Company's 2021 budgeted cost function...
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s 1 and 2 refer to the following information X Company's 2021 budgeted cost function for fixed overhead was C=$223,400. Its budgeted cost function for variable overhead was C=$8.40X, where X is the number of units produced. The following information is also available for 2021: Master Budget Actual Results Production Total variable costs Total fixed costs 11,000 units $92,400 $223,400 11,500 units $73,650 $226,910 1. What was the total overhead master (static) budget for 2021? A: $92,400 OB: $297,050 OC: $300,560 D: $315,800 Submit Answer Tries 0/99 E: $320,000 F: $323,510 2. What was the total overhead flexible budget for 2021? A: $92,400 B: $297,050 C: $300,560 D: $315,800 E: $320,000 F: $323,510
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