Question
The company uses a single plantwide factory overhead rate. The budgeted Factory Overhead Costs for the year are $1,500,000 and allocates factory overhead based on
The company uses a single plantwide factory overhead rate. The budgeted Factory Overhead Costs for the year are $1,500,000 and allocates factory overhead based on direct labor hours. The company plans to make 75,000 shirts and 50,000 pairs of pants. It takes 2 direct labor hours to make a shirt and 3 direct labor hours to make a pair of pants. What are the total number of direct labor hours? What is the single plantwide factory overhead rate?
Answers should be entered as whole numbers with no signs or punctuation
Total direct labor hours
Single plantwide factory overhead rate per direct labor hour
How much FOH is allocated to a single shirt
How much FOH is allocated to a single pair of paints
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