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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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