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Kab Engines inc, produces three products-pistons, valves, and cams-for the heavy equipment industry. Kso Engines' production process uses a single plantwide factor overhead rate based
Kab Engines inc, produces three products-pistons, valves, and cams-for the heavy equipment industry. Kso Engines' production process uses a single plantwide factor overhead rate based upon direct labor hours to allocate overhead to the three products. The three products for 20 r 2 are as follows: The estimated direct labor rate is s25 per direct labor hoy. Beginning and ending inventories are negloble and are, thus, assumed to be zero. The budgetird factory overhesd for kao Engines is 5377,600. If required, round all per unit answers to the nearest cent. a. Determine the plantwide factory overhead rate. 1 per ain b. Determine the factory overhead and direct labor cott per unit for each prosuct. c. Use the information provided to construct a budgeted gross profit report by product line for the year ended December 31 , 20y2. include the pross proft as a pertent of sales in the last line of your report, rounded to one decimal place
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