Peterson Company budgets overhead cost of $4,880,000 for the next year. The company uses machine hours as its overhead allocation base. If 100,000 machine hours are planned for the next year, what is the company's plantwide overhead rate? (Round your answer to two decimal places.) Multiple Choice $0.03 per machine hour. $48.80 per machine hour. $38.64 per machine hour. $9.80 per machine hour $0.10 per machine hout. Tarnish Industries produces miniature models of farm equipment. These collectibles are in great demand. It takes two operations, molding and finishing. to complete the miniatures. Next year's expected activities are shown in the following table: Direct labor hours Machine hours. Molding 91,000 DLH 114,000 MH Finishing 176,500 DLH 97,500 MH Tarnish Industries uses departmental overhead rates and is planning on a $3.40 per machine hour overhead rate for the Molding department. Compute the budgeted manufacturing overhead cost for the Molding department given the information shown in the table. Multiple Choice $386,600 $387,600 $331,500 $600,100 Angler Industries produces a product which goes through two operations, Assembly and Finishing, before it is ready to be shipped. Next year's expected costs and activities are shown below. Direct labor hours Machine hours Overhead costs Assembly 280,000 DLH 480,000 MH $ 480,000 Finishing 158,000 DLH 70,400 MH $ 758,400 Assume that Angler Industries allocates overhead using a plantwide overhead rate based on machine hours. How much total overhead will be assigned to a product that requires 2 direct labor hour and 4.30 machine hours in the Assembly Department, and 4.50 direct labor hours and 0.5 machine hours in the Finishing Department? Multiple Choice $25.90 $21.60. $10.80. $22.10 Water Sports Company budgets overhead cost of $840,000 for the year. The company manufactures two types of boats: Pontoons and Speedboats. Budgeted direct labor hours per unit are 16 for the Pontoon model and 24 for the Speedboat model. The company budgets production of 200 units of the Pontoon model and 200 units of the Speedboat model for the year. Compute overhead cost per unit for each model using the plantwide overhead rate. Actual direct labor hours per unit are 16 for the Pontoon model and 24 for the Speedboat model. Multiple Choice Pontoon: $2,520 per unit; Speedboat: $1,680 per unit. Pontoon: $1,680 per unit; Speedboat: $2.520 per unit. Pontoon: $2,800 per unit; Speedboat: $4,200 per unit. Pontoon: $4,200 per unit; Speedboat: $2,800 per unit. Pontoon: $4,200 per unit, Speedboat: $6,300 per unit