FlatScreen manufactures flat-panel LCD displays. The displays are sold to major PC manufacturers. Following are some manufacturing overhead data for FlatScreen for the year ended December 31, 2015:
Actual Flexible Budget Allocated Amount
Variable manufacturing overhead..$1,838,592...........$1,843,200..............$1,843,200
Fixed manufacturing overhead......8,404,992............8,354,304...............9,031,680
FlatScreen's budget was based on the assumption that 17,760 units (panels) will be manufactured during 2015. The planned allocation rate was two machine-hours per unit. FlatScreen uses machine-hours as the cost driver. Actual number of machine-hours used during 2015 was 36,480. The budgeted variable manufacturing overhead costs equal $1,704,960.
Required
Calculate the following quantities (you should be able to do so in the prescribed order):
1. Budgeted number of machine-hours planned.
2. Budgeted fixed manufacturing overhead costs per machine-hour.
3. Budgeted variable manufacturing overhead costs per machine-hour.
4. Budgeted number of machine-hours allowed for actual output achieved.
5. Actual number of output units.
6. Actual number of machine-hours used per panel.
7. Allocated amount for fixed manufacturing overhead.