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Matt's Music Inc. makes three musical instruments: trumpets, tubas, and trombones. The budgeted factory overhead cost is $156,030. Factory overhead is allocated to the three
Matt's Music Inc. makes three musical instruments: trumpets, tubas, and trombones. The budgeted factory overhead cost is $156,030. 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 (in units) per Unit 2,090 0.75 rumpets Tubas 670 1.65 rombones 1,230 1.45 Required: A. Determine the single plantwide factory overhead rate. (Note: Round amount to the nearest whole dollar. Use this amount in subsequent computations applcable.) 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. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries
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