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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 $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 Budgeted Production Volume Direct Labor Hours 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 Total Factory Overhead Cost Per Unit Factory 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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