Comprehensive variance analysis. Cooking Whiz manufactures premium food processors. The fol- lowing are some manufacturing overhead data for Cooking Whiz for the year ended December 31, 2017: Manufacturing Overhead Variable Fixed Actual Results Flexible Budget Allocated Amount $ 71,808 360,672 $ 80,640 368,640 $ 80,640 351,360 Budgeted number of output units: 915 Planned allocation rate: 2 machine-hours per unit Actual number of machine-hours used: 1,632 Static-budget variable manufacturing overhead costs: $76,860

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Compute Budgeted number of machine-hours planned 

Comprehensive variance analysis. Cooking Whiz manufactures premium food processors. The fol-
lowing are some manufacturing overhead data for Cooking Whiz for the year ended December 31, 2017:
Manufacturing Overhead
Variable
Fixed
Actual Results
Flexible Budget
Allocated Amount
$ 71,808
360,672
$ 80,640
368,640
$ 80,640
351,360
Budgeted number of output units: 915
Planned allocation rate: 2 machine-hours per unit
Actual number of machine-hours used: 1,632
Static-budget variable manufacturing overhead costs: $76,860
Transcribed Image Text:Comprehensive variance analysis. Cooking Whiz manufactures premium food processors. The fol- lowing are some manufacturing overhead data for Cooking Whiz for the year ended December 31, 2017: Manufacturing Overhead Variable Fixed Actual Results Flexible Budget Allocated Amount $ 71,808 360,672 $ 80,640 368,640 $ 80,640 351,360 Budgeted number of output units: 915 Planned allocation rate: 2 machine-hours per unit Actual number of machine-hours used: 1,632 Static-budget variable manufacturing overhead costs: $76,860
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