Magic Dice manufactures premium food processors. The following is some manufacturing overhead data for Magic Dice for
Question:
Magic Dice manufactures premium food processors. The following is some manufacturing overhead data for Magic Dice for the year ended December 31, 2018.
Budgeted number of output units: 888
Planned allocation rate: 3 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):
1. Budgeted number of machine-hours planned.
2. Budgeted FMDH costs per machine-hour.
3. Budgeted VMOH 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.
Step by Step Answer:
Horngrens Cost Accounting A Managerial Emphasis
ISBN: 978-0134453736
8th Canadian Edition
Authors: Srikant M. Datar, Madhav V. Rajan, Louis Beaubien