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Single Plantwide Factory Overhead Rate Mozart Music Inc, makes three musical Instruments: trumpets, tubas, and trombones. The budgeted factory overhead cost is $103,360. 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 Volume Per Unit Trumpets 1,800 units Tubas 0.6 400 1.4 Trombones 1,400 1.0 If required, round all per unit answers to the nearest cent. a. Determine the single plantwide factory overhead rate. 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. Total Per Unit Factory Overhead Cost Factory Overhead Cost Trumpets Tubas Trombones Total Direct Labor 0.30 Valves 0.15 4 Product Costs and Product Profitability Reports, using a Single Plantwide Factory Overhead Rate 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 2012 is as follows: Budgeted Volume Price Per Direct Materials (Units) Hours Per Unit Unit Per Unit Pistons 8,000 $54 $26 26,000 14 Cams 3,000 0.20 72 The estimated direct labor rate is $31 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 $207,000. If required, round all per unit answers to the nearest cent. a. Determine the plantwide factory overhead rate. per din b. Determine the factory overhead and direct labor cost per unit for each product: Direct Labor Factory Overhead Direct Labor Hours Per Unit Cost Per Unit Cost Per Unit 31 Pistons dih Valves dih