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.
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter1: Asset, Liability, Owner’s Equity, Revenue, And Expense Accounts
Section: Chapter Questions
Problem 1A: Why Does It Matter? MACS CUSTOM CATERING, Eugene, Oregon Macs Custom Catering, an award-winning...
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