The following information is for X Company for 2014: 1. What was the 2014 master (static) budget for total costs? $345,800 2. What was the 2014 flexible budget for total costs? Solution Master   Flexible Budget   Budget Production (units) 10000 11800 Total variable costs (in $) $110,000.00 $129,800.00 Total fixed costs (in $) $235,800.00 $235,800.00 Toal cost $345,800.00 $365,600.00 .