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Cooking Whiz manufactures premium food processors. The following are some manufacturing overhead (MOH) data for Cooking Whiz for the year ended December 31, 2020:
Cooking Whiz manufactures premium food processors. The following are some manufacturing overhead (MOH) data for Cooking 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 Requirements Compute the following quantities (you should be able to do so in the prescribed order): 1. Budgeted number of machine-hours planned 2. 3. Budgeted fixed manufacturing overhead costs per machine-hour Budgeted variable manufacturing overhead costs per machine-hour 4. 5. 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 Print Done Data table Manufacturing Overhead Actual Results Flexible Budget Allocated Amount Variable $ 71,808 $ 80,640 $ 80,640 Fixed 360,672 351,360 368,640 Budgeted number of output units: 915 Planned allocation rate: 2 machine-hours per unit Actual number of machine-hours used: 1,632 Static-budget variable manufacturing overhead costs: $76,860 Print Done
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