Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Single Plantwide Factory Overhead Rate Bach Instruments Inc. makes three musical instruments: flutes, clarinets, and oboes. The budgeted factory overhead cost is $2,948,125. Overhead
Single Plantwide Factory Overhead Rate Bach Instruments Inc. makes three musical instruments: flutes, clarinets, and oboes. The budgeted factory overhead cost is $2,948,125. Overhead is allocated to the thre 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 Per Volume Flutes 2,000 units Clarinets 1,500 Oboes 1,750 a. Determine the single plantwide overhead rate. 265 per direct labor hour Unit 2.0 3.0 1.5 b. Use the overhead rate in (a) to determine the amount of total and per-unit overhead allocated to each of the three products, rounded to the nearest dollar. Total Per Unit Factory Overhead Cost Factory Overhead Cost Flutes 2,000 x 530.00 Clarinets Oboes Total 1,750 X 795.00 398
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started