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Single Plantwide Factory Overhead Rate Gwinnett County Chrome Company manufactures three chrome-plated products-automobile bumpers, valve covers, and wheels. These products are manufactured in two
Single Plantwide Factory Overhead Rate Gwinnett County Chrome Company manufactures three chrome-plated products-automobile 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: Stamping Department Automobile bumpers Valve covers Wheels Plating Department Automobile bumpers Valve covers Wheels Total Direct Labor Machine Hours Hours 8 810 570 620 2,000 1,150 700. 750 2,600 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 Machine hour overhead rate per direct labor hour 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 Check My Work Previous Next >
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