Single Plantwide Factory Overhead Rate Gwinnett County Chrome Company manufactures three chrome-plated productsautomobile bumpers, valve covers, and wheels. These products are manufactured in two production
Single Plantwide Factory Overhead Rate
Gwinnett County Chrome Company manufactures three chrome-plated productsautomobile bumpers, valve covers, and wheels. These products are manufactured in two production departments (Stamping and Plating). The factory overhead for Gwinnett County Chrome is $239,200.
The three products consume both machine hours and direct labor hours in the two production departments as follows:
Direct Labor Hours | Machine Hours | ||||||
Stamping Department | |||||||
Automobile bumpers | 590 | 810 | |||||
Valve covers | 310 | 570 | |||||
Wheels | 350 | 620 | |||||
1,250 | 2,000 | ||||||
Plating Department | |||||||
Automobile bumpers | 195 | 1,150 | |||||
Valve covers | 200 | 700 | |||||
Wheels | 195 | 750 | |||||
590 | 2,600 | ||||||
Total | 1,840 | 4,600 |
Required:
1. Determine the single plantwide factory overhead rate, using each of the following allocation bases: (a) direct labor hours and (b) machine hours.
Direct labor hour overhead rate | $fill in the blank 1 per direct labor hour |
Machine hour overhead rate | $fill in the blank 2 per machine hour |
2. Determine the product factory overhead costs, using (a) the direct labor hour plantwide factory overhead rate and (b) the machine hour plantwide factory overhead rate.
Automobile Bumpers | Valve Covers | Wheels | |
Direct labor hours | $fill in the blank 3 | $fill in the blank 4 | $fill in the blank 5 |
Machine hours | $fill in the blank 6 | $fill in the blank 7 | $fill in the blank 8 |
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