Question: Chef Whiz manufactures premium food processors The following are some

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):

Rqeuired
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 produced
5. Actual number of output units
6. Actual number of machine- hours used per outputunit
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  • CreatedMay 14, 2014
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