Single plantwide factory overhead rate Bach Instruments Inc. makes three musical instruments: flutes, clarinets, and oboes. The budgeted factory overhead cost is $105,000. Overhead is allocated to the three products on the basis of direct labor hours. The products have the following budgeted production volume and direct labor hours per unit: Budgeted Production Volume Direct Labor Hours Per Unit Flutes 2,300 units 0.6 Clarinets 700 1.6 Oboes 1,000 1.0 If required, round all per unit answers to the nearest cent. a. Determine the single plantwide overhead rate.$fill in the blank 1 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. TotalFactory Overhead Cost Per UnitFactory Overhead Cost Flutes $fill in the blank 2 $fill in the blank 3 Clarinets fill in the blank 4 fill in the blank 5 Oboes fill in the blank 6 fill in the blank 7 Total $fill in the blank 8 Feedback Area
Single plantwide factory overhead rate Bach Instruments Inc. makes three musical instruments: flutes, clarinets, and oboes. The budgeted factory overhead cost is $105,000. Overhead is allocated to the three products on the basis of direct labor hours. The products have the following budgeted production volume and direct labor hours per unit: Budgeted Production Volume Direct Labor Hours Per Unit Flutes 2,300 units 0.6 Clarinets 700 1.6 Oboes 1,000 1.0 If required, round all per unit answers to the nearest cent. a. Determine the single plantwide overhead rate.$fill in the blank 1 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. TotalFactory Overhead Cost Per UnitFactory Overhead Cost Flutes $fill in the blank 2 $fill in the blank 3 Clarinets fill in the blank 4 fill in the blank 5 Oboes fill in the blank 6 fill in the blank 7 Total $fill in the blank 8 Feedback Area
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Single plantwide factory
Bach Instruments Inc. makes three musical instruments: flutes, clarinets, and oboes. The budgeted
| Budgeted Production Volume | Direct Labor Hours Per Unit | ||||
| Flutes | 2,300 | units | 0.6 | ||
| Clarinets | 700 | 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 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.
| Total Factory Overhead Cost |
Per Unit Factory Overhead Cost |
|
| Flutes | $fill in the blank 2 | $fill in the blank 3 |
| Clarinets | fill in the blank 4 | fill in the blank 5 |
| Oboes | fill in the blank 6 | fill in the blank 7 |
| Total | $fill in the blank 8 |
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