The Baldwin Company, in its master budget for 2022, predicted total sales of $180,000, variable costs of $58,000, and fixed costs of $58,000 ($26,000 manufacturing and $32,000 nonmanufacturing). Actual sales revenue for 2022 turned out to be $200,000. Actual costs were as follows: variable, $56,000, and fixed, $60,000. (1) What was the total master (static) budget variance for 2022

If jobs have been undercosted due to underallocation of manufacturing overhead, then cost of goods sold (cogs) is too low and which of the following corrections must be made? a. decrease cogs for double the amount of the underallocation b. increase cogs for double the amount of the underallocation c. decrease cogs for the amount of the underallocation d. increase cogs for the amount of the underallocation