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Dice and Chop Corporation manufactures premium food processors. The following is some manufacturing overhead data for Dice and Chop for the year ended December 31,

Dice and Chop Corporation manufactures premium food processors. The following is some manufacturing overhead data for Dice and Chop for the year ended December 31, 2017.

Manufacturing Overhead Cost

Actual Results

Flexible Budget

Amount Allocated

Variable

76,608

76,800

76,800

Fixed

350,208

348,096

376,320

Budgeted number of output units: 888

Planned allocation rate: 2 machine-hours per unit

Actual number of machine-hours used: 1,824

Static-budget variable manufacturing overhead costs: $71,040

Required Calculate the following quantities (you should be able to do so in the prescribed order): (4 marks each)

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 achieved.

5) Actual number of output units.

6) Actual number of machine-hours used per output unit.

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