Product Costs and Product Profitability Raports, using a Single Plantwide Factory Overhead Rate Ellett Engines Inc. produces the 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 rute is based on direct labor hours. Information about the three products for 2012 is as follows: Budgeted Volume Direct Labor Price Per Direct Materials (Units) Hours Per Unit Unit Per Unit Plins 12,000 0.20 142 $20 Valves 10.000 0.15 11 . Cams 1,000 0.30 24 The estimated direct labor rate is $24 per direct labor hour. Begering and ending inventories are If required, round all per unit answers to the nearest cent Determine the plantwide factory overhead cate b. Determine the factory overhead and direct labor cost per unit for each product Direct Labor Hours Per Unit Fin Valves Cans Factory Overhead Direct Labor Cost Per Unit Cost Per Unit digible and are, thus, assumed to be zers. The budgeted factory overhead for Elutt Engines is $97,200.