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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 production
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: Direct Labor Hours Machine Hours Stamping Department Automobile bumpers valve covers Wheels 590 310 350 1.250 810 570 620 2,000 195 1.150 Plating Department Automobile bumpers Valve covers Wheels 700 200 105 750 590 2.600 Total 1,840 4,600 Required: 1. Determine the single plantwide factory overhead rate, using each of the following alocation bases: (a) direct labor hours and (b) machine hours. Direct labor hour overhead rate per direct labor hour Machine hour overhead rate per machine hour 2. Determine the product factory overhead costs, using (a) the direct labor hour plantvide factory overhead rate and (b) the machine hour plantwide factory overhead rate. Automobile Bumpers Valve Covers Wheels Direct labor hours Machine hours
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