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 ? Solution So total master budget = 104760 +181700 = 286460 Total flexible budget cost = 158166+177237 = 335403 .

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
So total master budget = 104760 +181700 = 286460
Total flexible budget cost = 158166+177237 = 335403
Production 10,800 units 11,500 units
Total variable costs $104,760 $158,166
Total fixed costs $181,700 $177,237