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

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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 $84,240. 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:

Instruments Budgeted Production Volume Direct Labor Hours Per Unit
Flutes 2,400 units 0.5
Clarinets 400 1.6
Oboes 1,400 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,

Instruments Total Factory Overhead Cost Per Unit Factory Overhead Cost
Flutes $ ________ $________
Clarinets ________ __________
Oboes ________ ___________
Total $__________

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