Chef Whiz manufactures premium food processors. The following are some manufacturing overhead data for Chef Whiz for the year ended December 31, 2020:

Budgeted number of output units: 588
Planned allocation rate: 

3 machine-hours per unit
Actual number of machine-hours used: 1,170
Static-budget variable manufacturing overhead costs: $72,324

Required

Compute 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

Transcribed Image Text:

Manufacturing Overhead Variable Fixed Actual Results $51,480 350,210 Flexible Budget $ 79,950 343,980 Allocated Amount $ 79,950 380,250