Problem:
1. 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 output unit
