Answer the following questions using the information below:
Willis Corporation manufactures industrial-sized gas furnaces and uses budgeted machine-hours to allocate variable manufacturing overhead. The following information pertains to the company's manufacturing overhead data:
-Variable manufacturing overhead costs were ________ for actual output.
Definitions:
Transfer Price
The price at which goods or services are transferred between departments or subsidiaries of the same company.
Pump Division
A specialized unit or segment within a company focused on the production or sales of pump-related products.
Outside Supplier
An external entity that provides goods or services to a company, often used in the context of manufacturing or procurement.
Operating At Capacity
A situation where a business is utilizing all available resources to produce goods or services at maximum output.
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