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Single plantwide factory overhead rate Platzer Instruments Inc. makes three musical...

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Accounting

Single plantwide factory overhead rate
Platzer Instruments Inc. makes three musical instruments: flutes, clarinets, and oboes. The budgeted factory overhead cost is $146,160. Overhead is allocated to the three products on the basis of direct labor hours. The products have the following budgeted production volume and direct labor hours per unit:Single plantwide factory overhead rate
Platzer Instruments Inc. makes three musical instruments: flutes, clarinets, and oboes. The budgeted factory overhead cost is $146,160. Overhead is
allocated to the three products on the basis of direct labor hours. The products have the following budgeted production volume and direct labor hours
per unit:
If required, round all per unit answers to the nearest cent.
a. Determine the single plantwide overhead rate.
per direct labor hour
b. Use the overhead rate in (a) to determine the amount of total and per-unit overhead allocated to each of the three products,
Total
Factory Overhead Cost
Flutes
Clarinets
Oboes
Total
Per Unit
Factory Overhead Cost
$
$
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