Comprehensive variance analysis. Kitchen Whiz manufactures premium food processors. = The following is some manufacturing overhead data
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Comprehensive variance analysis. Kitchen Whiz manufactures premium food processors. =
The following is some manufacturing overhead data for Kitchen Whiz for the year ended LWeRecnehols December 31, 2010.LO1
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Manufacturing Overhead Variable Fixed Actual Results Flexible Budget Amount Allocated $ 76,608 350,208 $ 76,800 $ 76,800 348,096 376,320 Budgeted number of output units: 888 Planned allocation rate: 2 machine-hours per unit Actual number of machine-hours used: 1,824 Static-budget variable manufacturing overhead costs: $71,040 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 achieved 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
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5th Canadian Edition
Authors: Charles T. Horngren, Foster George, Srikand M. Datar, Maureen P. Gowing
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