Comprehensive variance analysis Kitchen Whiz manufactures premium food processors. The following is some manufacturing overhead data for Kitchen Whiz for the year ended December 31, 2010:
Budgeted number of output units: 888
Planned allocation rate: 2 machine hours per unit
Actual number of machine hours used: 1,824
Static budget variable manufacturing overhead costs: $71,040
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
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 outputunit
