34) Franklin Manufacturing uses the single plantwide factory overhead rate method to allocate factory overhead costs to products, based on direct labor hours. Its budgeted factory overhead costs for the year are $500,000. Its budgeted direct labor hours for the year are 20,000 hours. Calculate the single plantwide factory overhead rate for Franklin Manufacturing show your work 3 Points $25 per direct labor hour $15 per direct labor hour $20 per direct labor hour $10 per direct labor hour 35) The goal of activity based costing is to allocate overhead to products based on the activities that they consume in the manufacturing process. 2 Points True False 36) An activity under activity based costing could be: 2 Points Direct Materials Machine usage O Product costs 37) Acme Company expects to spend $80,000 on Inspections for this year. They typically have 1,000 inspections happen during the year. Calculate the activity rate for inspections under activity based costing show your work 3 Points $1,000 per inspection $100 per inspection $80 per inspection