Question
Chef Whiz manufactures premium food processors. The following are some manufacturing overhead data for Chef Whiz for the year ended December 31, 2014: Manufacturing Overhead
Chef Whiz manufactures premium food processors. The following are some manufacturing overhead data for Chef Whiz for the year ended December 31, 2014: Manufacturing Overhead Actual Results Flexible Budget Allocated Amount Variable $51,480 $79,950 $79,950 Fixed 350,210 343,980 380,250 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
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
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