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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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