please submit solution as soon as possible Q-5: Engro Foods premium food processors. The following are some manufacturingoverhead data for Engro for the year ended December 3, 2019:ManufacturingActualFlexibleAllocatedEstimatedOverheadResultsRs. 51,480350,210BudgetRs. 79,950343,980AmountRs. 79,050AmountRs. 79,050390,680VariableFixedBudgeted number of output units: 588Estimated number of output units: 600Planned al location rate: 3 machine-hours per unitActual number of machine-hours used: 1170380,250Allocated number of machine-hours: 1150Static-budget variable manufacturing overhead costs: Rs. 72,324Estimated Budget variable manufacturing overhead costs: Rs. 70,000Compute the following quantities (you should be able to do so in the prescribed order):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 output unit. Q-4: Maria owns a restaurant franchise that is part of a chain of "Usmania" restaurants.One of the chain's popular breakfast items is biscuits and gravy. Disco Bakers makes andfreezes the biscuit dough, which it then sells to the franchise stores where it is thawed andbaked in the individual stores by the cook. Each franchise also has a purchasing agent whoorders the biscuits (and other items) based on expected demand. In March 2020, one of thefreezers in Disco Bakers breaks down and biscuit production is reduced by 25% for 3 days.During those 3 days, Maria's franchise runs out of biscuits but demand does not slow down.Maria's franchise cook, Kamran, sends one of the kitchen helpers to the local grocery storeto buy refrigerated ready-to-bake biscuits. Although the customers are kept happy, therefrigerated biscuits cost Maria's franchise three times the cost of the Disco Bakers frozenbiscuits, and the franchise loses money on this item for those 3 days. Maria is angry withthe purchasing agent for not ordering enough biscuits to avoid running out of stock andwith Kamran for spending too much money on the replacement biscuits. Who isresponsible for the cost of the biscuits? At what level is the cost control label? Do you agreethat Maria should be angry with the purchasing agent? With Kamran? Why or why not?

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Q-5: Engro Foods premium food processors. The following are some manufacturing overhead data for Engro for the year ended December 3, 2019: Manufacturing Overhead Actual Flexible Allocated Estimated Budget Rs. 79,950 343,980 Results Amount Amount Rs. 51,480 350,210 Budgeted number of output units: 588 Estimated number of output units: 600 Planned al location rate: 3 machine-hours per unit Actual number of machine-hours used: 1170 Rs. 79,050 Rs. 79,050 380,250 Variable Fixed 390,680 Allocated number of machine-hours: 1150 Static-budget variable manufacturing overhead costs: Rs. 72,324 Estimated Budget variable manufacturing overhead costs: Rs. 70,000 Compute the following quantities (you should be able to do so in the prescribed order): 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.

Q-5: Engro Foods premium food processors. The following are some manufacturing overhead data for Engro for the year ended December 3, 2019: Manufacturing Overhead Actual Flexible Allocated Estimated Budget Rs. 79,950 343,980 Results Amount Amount Rs. 51,480 350,210 Budgeted number of output units: 588 Estimated number of output units: 600 Planned al location rate: 3 machine-hours per unit Actual number of machine-hours used: 1170 Rs. 79,050 Rs. 79,050 380,250 Variable Fixed 390,680 Allocated number of machine-hours: 1150 Static-budget variable manufacturing overhead costs: Rs. 72,324 Estimated Budget variable manufacturing overhead costs: Rs. 70,000 Compute the following quantities (you should be able to do so in the prescribed order): 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.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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