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Solve budgeted fmoh costs per machine-hour

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Reference no: EM132577530

COMPREHENSIVE VARIANCE ANALYSIS. Magic Dice manufactures premium food processors. The following is some manufacturing overhead data for Magic Dice for the year ended December 31, 2018.

Manufacturing Overhead         Actual Results          Flexible Budget            Amount Allocated

Variable                                    $ 76,608                        $ 76,800                $ 76,800

Fixed                                        350,208                           348,096               376,320

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

Question 1: Calculate the following quantities (you should be able to do so in the prescribed order):

  1. Budgeted number of machine-hours planned.
  2. Budgeted FMOH 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.

Reference no: EM132577530

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