Reference no: EM131813434

Comprehensive variance analysis. Chef Whiz manufactures premium food processors. The following are some manufacturing overhead data for Chef Whiz for the year ended December 31, 2014:

Manufacturing Overhead	Actual Results	Flexible Budget	Allocated Amount
Variable	$51,480	$79,950	$79,950
Fixed	350,210	343,980	380,250

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

Required

Compute the following quantities (you should be able to do so in the prescribed order):

• Budgeted number of machine-hours planned
• 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 output unit