The following information is for X Company for 2014 1 What w

The following information is for X Company for 2014:

1. What was the 2014 master (static) budget for total costs?

2. What was the 2014 flexible budget for total costs?

	Master	Actual
	Budget	Results
Production	10,100 units	11,900 units
Total variable costs	$86,860	$109,408
Total fixed costs	$227,500	$223,321

Solution

X company for the year 2014 Master    Actual     Budget    Results    Production 10,100 units 11,900 units Total variable costs $86,860    $109,408    Total fixed costs $227,500    $223,321    Per Unit Variable cost                       8.60 2014 Master Budget Production 10,100 units Total variable costs                  86,860 Total fixed costs                227,500 Total Budgeted cost 2014                314,360 2014 Flaxible budget Production                  11,900 units Total variable costs                102,340 Total fixed costs                227,500 Total Flexible Budget cost 2014                329,840