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Elliott Engines Inc. produces three products-pistons, valves, and cams-for the heavy equipment industry. Elliott Engines has a very simple production process and product line and

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Elliott Engines Inc. produces three products-pistons, valves, and cams-for the heavy equipment industry. Elliott Engines has a very simple production process and product line and uses a single plantwide factory overhead rate to allocate overhead to the three products. The factory overhead rate is based on direct labor hours. Information about the three products for 20Y2 is as follows Pistons Valves Cams Budgeted Volume (Units) 7,500 28,800 1,500 Direct Labor Hours per Unit 0.17 0.18 0.31 Price per Unit $51.8 Direct Materials per Unit $24.8 9.7 70.5 28.5 The estimated direct labor rate is $16 per direct labor hour. Beginning and ending inventories are negligible and are, thus, assumed to be zero. The budgeted factory overhead for Elliott Engines is $200,796 Complete this chart Score: 0/117 Elliot Engines Inc Product Line Budgeted Gross Profit Reports (Label) Pistons Valves Cams

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