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Single plantwide factory overhead rate Platzer Instruments Inc. makes three musical instruments: flutes, clarinets,...

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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 $128,000. 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:
\table[[,\table[[Budgeted],[Production],[Volume]],\table[[Direct Labor],[Hours Per Unit]]],[Flutes,2,000 units,0.6],[Clarinets,600,1.5],[Oboes,1,100,1.0]]
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,
\table[[,Total,Per Unit],[,Factory Overhead Cost,Factory Overhead Cost],[Flutes,vdots,$
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