=+12-30 KK Comprehensive variance analysis OBJECTIVES 3, 4 Kitchen Wiz manufactures premium food processors. The following is

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=+12-30 KK Comprehensive variance analysis OBJECTIVES 3, 4 Kitchen Wiz manufactures premium food processors. The following is some manufacturing overhead data for Kitchen Wiz for the year ended 31 December 2015:

Manufacturing overhead Actual results Flexible budget Allocated amount Variable $76 608 $76 800 $76 800 Fixed 350 208 348 096 376 320

◗ budgeted number of output units: 888

◗ planned allocation rate: 2 machine-hours per unit

◗ actual number of machine-hours used: 1824

◗ static-budget variable manufacturing overhead costs: $71040 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 produced 5 actual number of output units 6 actual number of machine-hours used per output unit.

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Cost Accounting A Managerial Emphasis

ISBN: 9781442563377

2nd Edition

Authors: Monte Wynder, Madhav V. Rajan, Srikant M. Datar, Charles T. Horngren, William Maguire, Rebecca Tan

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