Single plantwide factory overhead rateBach Instruments Inc. makes three musical instruments: flutes, clarinets, and oboes. The budgeted factory overhead cost is $107,520. Overhead is allocated to the three products on the basis of direct labor hours. The products have thefollowing budgeted production volume and direct labor hours per unit:FlutesClarinetsOboesFlutesClarinetsOboesBudgeted Production Direct Labor Hours PerUnitTotalVolume1,400If required, round all per unit answers to the nearest cent.a. Determine the single plantwide overhead rate.per direct labor hourb. Use the overhead rate in (a) to determine the amount of total and per-unit overhead allocated to each of the three products.2,500 units5000.81.61.2TotalPer UnitFactory Overhead Cost Factory Overhead Cost

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Description: Single plantwide factory overhead rateBach Instruments Inc. makes three musical instruments: flutes, clarinets, and oboes. The budgeted factory overhead cost is $107,520. Overhead is allocated to the three products on the basis of direct labor hours

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Bach Instruments Inc. makes three musical instruments: flutes, clarinets, and oboes. The budgeted factory overhead cost is $107,520. Overhead is allocated to the three products on the basis of direct labor h following budgeted production volume and direct labor hours per unit: Volume 2,500 units 500 1,400 If required, round all per unit answers to the nearest cent. Flutes Clarinets Oboes a. Determine the single plantwide overhead rate. per direct labor hour Budgeted Production Direct Labor Hours Per Unit Flutes Clarinets Oboes 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 Total 0.8 1.6 1.2 Per Unit 007/ Factory Overhead Cost D

Bach Instruments Inc. makes three musical instruments: flutes, clarinets, and oboes. The budgeted factory overhead cost is $107,520. Overhead is allocated to the three products on the basis of direct labor h following budgeted production volume and direct labor hours per unit: Volume 2,500 units 500 1,400 If required, round all per unit answers to the nearest cent. Flutes Clarinets Oboes a. Determine the single plantwide overhead rate. per direct labor hour Budgeted Production Direct Labor Hours Per Unit Flutes Clarinets Oboes 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 Total 0.8 1.6 1.2 Per Unit 007/ Factory Overhead Cost D

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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