FlatScreen manufactures flat-panel LCDdisplays. The displays are sold to major PC manufacturers. Following are some manufacturingoverhead data for FlatScreen for the year ended December 31, 2013:

FlatScreen's budget was based on the assumption that 17,760 units (panels) will be manufactured during 2013. The planned allocation rate was two machine-hours per unit. FlatScreen uses machine-hours as the cost driver. Actual number of machine-hours used during 2013 was 36,480. The budgeted variable manufacturing overhead costs equal $1,704,960.
REQUIRED
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 achieved.
5. Actual number of output units.
6. Actual number of machine-hours used per panel.
7. Allocated amount for fixed manufacturing overhead.

Transcribed Image Text:

Variable manufacturing overhead Fixed manufacturing overhead Actual $1,838,592 $8,404,992 Flexible Budget $1,843,200 $8,354,304 Allocated Amount $1,843,200 $9,031,680