Fogel Company expects to produce and sell 119,000 units for the period. The company's flexible budget for 119,000 units shows variable overhead costs of $166,600 and fixed overhead costs of $131,000. The company incurred actual total overhead costs of $261,800 while producing 112,000 units. a. Compute the total variable overhead costs for the flexible budget when producing 112,000 units. b. Compute the budgeted (flexible) total overhead when producing 112,000 units. . Compute the controllable variance and identify it as favorable or unfavorable. (Round "Variable amount per unit" to 2 decimal places.) Variable Amount per Unit Total Fixed Cost Flexible Budget at ------ 119,000 units 112,000 units

A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It…

A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future…