Product Costs and Product Profitability Reports, using a Single Plantwide Factory Ellot Engines Inc. produces three products-pistons, valves, and cams-for the heavy equipment industry. Ellit 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 20Y2 is as follows: Budgeted VolumeDirect Labor Price Per Unit $32 Direct Materials (Units) Hours Per Unit Per Unit 0.30 $15 23,000 2,000 0.15 18 The estimated direct labor rate is $18 per direct labor hour. Beginning and ending inventories are negligible and are, thus, assumed to be zero. The budgeted factory overhead for Elott Engines is $178,800. If required, round all per unit answers to the nearest cent a. Determine the plantwide factory overhead rate. X per dih b. Determine the factory overhead and direct labor cost per unit for each product. Direct Labor Cost Per Unit Direct Labor Hours Per Unit Factory Overhead Cost Per Unit 0.30 dih 0.15 dilh Cams 0.20 dih