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Chef Whiz manufactures premium food processors. The following are some manufacturing overhead (MOH) data for Chef Whiz for the year ended December 31, 2020:
Chef Whiz manufactures premium food processors. The following are some manufacturing overhead (MOH) data for Chef Whiz for the year ended December 31, 2020: (Click the icon to view the overhead data.) Read the requirements. 1. The budgeted number of machine-hours planned is 2. The budgeted fixed manufacturing overhead costs per machine-hour is 3. The budgeted variable manufacturing overhead costs per machine-hour is 4. The budgeted number of machine-hours allowed for actual output produced is 5. The actual number of output units is (Round your answer to one decimal place.) 6. Actual number of machine-hours used per output unit is Requirements 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. 4. 5. Budgeted variable manufacturing overhead costs per machine-hour Budgeted number of machine-hours allowed for actual output produced Actual number of output units 6. Actual number of machine-hours used per output unit Data table Manufacturing Overhead Variable Fixed Actual Results Flexible Budget Allocated Amount $ 59,983 $ 74,100 $ 74,100 350,220 343,380 376,330 Budgeted number of output units: 885 Planned allocation rate: 2 machine-hours per unit Actual number of machine-hours used: 1,463 Static-budget variable manufacturing overhead costs: $67,260
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