Kitchen Whiz manufactures premium food processors. The following is some manufacturing overhead data for Kitchen Whiz for
Question:
Kitchen Whiz manufactures premium food processors. The following is some manufacturing overhead data for Kitchen Whiz for the year ended December 31, 2012:
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 produced
5. Actual number of output units
6. Actual number of machine-hours used per output unit
Step by Step Answer:
Cost Accounting A Managerial Emphasis
ISBN: 978-0132109178
14th Edition
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav