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 $104,960. Overhead is allocated to the three products on the basis of direct labor hours. The products have the following budgeted production volume and direct labor hours per unit:
Instruments
BudgetedProductionVolume
Direct LaborHours Per Unit
Flutes
2,200 units
0.6
Clarinets
600
1.6
Oboes
1,000
1.0
If required, round all per unit answers to the nearest cent.
a. Determine the single plantwide overhead rate. fill in the blank 1 of 1$ 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
TotalFactory Overhead Cost
Per UnitFactory Overhead Cost
Flutes
fill in the blank 1 of 7$
fill in the blank 2 of 7$
Clarinets
fill in the blank 3 of 7
fill in the blank 4 of 7
Oboes
fill in the blank 5 of 7
fill in the blank 6 of 7
Total
fill in the blank 7 of 7$
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