Single Plantwide Factory Overhead Rate Mozart Music Inc. makes three musical instruments: trumpets, tubas, and trombones. The budgeted factory overhead cost is $174,400. Factory 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 Direct Labor Hours Per Volume Unit Trumpets 3,000 units 0.8 Tubas 400 1.6 Trombones 1,200 1.1 If required, round all per unit answers to the nearest cent. a. Determine the single plantwide factory overhead rate. 38 X per direct labor hour b. Use the factory overhead rate in (a) to determine the amount of total and per-unit factory overhead allocated to each of the three products.

Single Plantwide Factory Overhead Rate Mozart Music Inc. makes three musical instruments: trumpets, tubas, and trombones. The budgeted factory overhead cost is $174,400. Factory 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 Direct Labor Hours Per Volume Unit Trumpets 3,000 units 0.8 Tubas 400 1.6 Trombones 1,200 1.1 If required, round all per unit answers to the nearest cent. a. Determine the single plantwide factory overhead rate. 38 X per direct labor hour b. Use the factory overhead rate in (a) to determine the amount of total and per-unit factory overhead allocated to each of the three products.

Name: Single Plantwide Factory Overhead RateMozart Music Inc. makes three m
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Description: Single Plantwide Factory Overhead RateMozart Music Inc. makes three musical instruments: trumpets, tubas, and trombones. The budgeted factory overhead costis $174,400. Factory overhead is allocated to the three products on the basis of direct labor

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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