On January 1, 2015, X Company developed the following 2015 budgeted overhead cos
ID: 2484102 • Letter: O
Question
On January 1, 2015, X Company developed the following 2015 budgeted overhead cost function: $208,000 + $9.75X, where X is the number of units produced. The company expected to produce 10,000 unis during the year. Actual results for 2015 were as follows:
Total variable overhead costs
$99,500
2. What was the 2015 master (static) budget for total overhead?
3. What was the 2015 flexible budget for total overhead?
Units produced 8,900 Total fixed overhead costs $209,000Total variable overhead costs
$99,500
Explanation / Answer
X Company All Amounts in $ 2. 2015 Master (Static) Budget for Total Overhead Fixed Overheads 208000 Variable Overheads 97500 Total Overheads 305500 3. 2015 Flexible Budget for Total Overhead Fixed Overheads 208000 Variable Overheads 86775 Total Overheads 294775
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