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can an accounting lovers help me with my accounting homework please :) Orange County Chrome Company manufactures three chrome-plated productsautomobile bumpers, valve covers, and wheels.
can an accounting lovers help me with my accounting homework please :)
Orange County Chrome Company manufactures three chrome-plated productsautomobile bumpers, valve covers, and wheels. These products are manufactured in two production departments (Stamping and Plating). The factory overhead for Orange County Chrome is $206,972. The three products consume both machine hours and direct labor hours in the two production departments as follows: Direct Labor Machine Hours Hours Automobile bumpers 557 801 Valve covers 296 558 Wheels 339 599 1,192 1,958 Automobile bumpers 167 1,171 Valve covers 180 715 Wheels 172 758 519 2,644 1,711 4,602 Stamping Department Plating Department Total The management of Orange County Chrome Company now plans to use the multiple production department factory overhead rate method. The total factory overhead associated with each department is as follows: 1 Stamping Department $114,432.00 2 Plating Department 92,540.00 3 Total $206,972.00 1. Determine the multiple production department factory overhead rates, using direct labor hours for the Stamping Department and machine hours for the Plating Department. Stamping Department: $ per direct labor hour Plating Department: $ per machine hour 2. Determine the product factory overhead costs, using the multiple production department rates in (1). 1 2 3 4 Total Automobile Bumpers Valve Covers WheelsStep by Step Solution
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