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Comprehensive variance analysis. Chef Whiz manufactures premium food processors. The following are some manufacturing overhead data for Chef Whiz for the year ended December 31,2014:
Comprehensive variance analysis. Chef Whiz manufactures premium food processors. The following are some manufacturing overhead data for Chef Whiz for the year ended December 31,2014: 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): Budgeted number of machine-hours planned Budgeted fixed manufacturing overhead costs per machine-hour Budgeted variable manufacturing overhead costs per machine-hour Budgeted number of machine-hours allowed for actual output produced Actual number of output units Actual number of machine-hours used per output unit
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