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I need to know the steps on how to do the problem. Thank you! FlatScreen manufactures flat-panel LCD displays. The displays are sold to major
I need to know the steps on how to do the problem. Thank you!
FlatScreen manufactures flat-panel LCD displays. The displays are sold to major PC manufacturers. Following is some manufacturing overhead data for FlatScreen for the year ended December 31, 2006: Flatscreen's budget was based on the assumption that 17, 760 units (panels) would be manufactured during 2006. The planned allocation rate was 2 machine-hours per unit. Actual number of machine-hours used during 2006 was 36, 480. The static-budget variable manufacturing overhead costs equal $1, 420, 800. A. Compute the following quantities: Budgeted number of machine hours 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 panelStep by Step Solution
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