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#1 & #2 eBook Calculator Single Plantwide Factory Overhead Rate Nixon Machine Parts Inc.'s Fabrication Department incurred $124,000 of factory overhead cost in producing gears
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eBook Calculator Single Plantwide Factory Overhead Rate Nixon Machine Parts Inc.'s Fabrication Department incurred $124,000 of factory overhead cost in producing gears and sprockets. The two products consumed a total of 6,200 direct machine hours. Of that amount, sprockets consumed 3,100 direct machine hours. Determine the total amount of factory overhead that should be allocated to sprockets using machine hours as the allocation base. If required, round your answer to the nearest dollar. Instructions Mozart Music Inc, makes three musical instruments: trumpets, tubas, and trombones. The budgeted factory overhead cost is $186,720.00. 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: Direct Labor Hours per Unit Trumpets Budgeted Production Volume (in units) 2,110 820 1,430 0.70 Tubas 1.45 Trombones 1.40 Required: a. Determine the single plantwide factory overhead rate. Round your answers to the nearest cont 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. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. Round your answers to the nearest cent New Tab Instructions Amount Descriptions Overhead Amount Descriptions Amount Descriptions Assembly Fabrication Trombones Trumpets Tubas Total Instructions Amount Descriptions Overhead Overhead a. Determine the single plantwide factory overhead rate. Round your answers to the nearest cent 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 Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. Round your answers to the nearest cent Total Factory Overhead Cost Per Unit Factory Overhead Cost Step by Step Solution
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