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The following information is for X Company for 2014-  1- What was the.docx
The following information is for X Company for 2014-  1- What was the.docx
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The final paper will be based on Appendix 6C Illustrative Audit Case- (3).docxThe final paper will be based on Appendix 6C Illustrative Audit Case- (3).docx
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The following information is for X Company for 2014- 1- What was the.docx

  1. 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 10,800 units 11,500 units Total variable costs $104,760 $158,166 Total fixed costs $181,700 $177,237 Solution Answer-1. 2014 master (static) budget for total costs- Varriable cost per unit=$104760/10800=$9.70 per unit Fixed cost =$181700/- Total Varriable cost=9.70*11500=$111550 Total Cost=111550+181700=$293250/- Answer-2 2014 flexible budget for total costs- Total VC=$111550/- FC per unit=181700/10800=$16.82per unit Total FC=$16.82*11500=$193430/-
  2. Total Cost=111550+193430=$304980/-
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