Toyota and General Motors (GM) are two leading automotive manufacturers with a global presence. Both companies operate manufacturing plants and distribution networks to produce and sell vehicles worldwide.

Scenario: Toyota operates assembly plants to manufacture its vehicles, while GM manages its manufacturing facilities and distribution centers. Both companies allocate their overhead costs using different allocation bases.

• Toyota's Assembly Plant Costs:
  • Total Manufacturing Costs: $1 billion
  • Allocation Base: Total Number of Vehicles Produced
  • Total Vehicles Produced (Toyota): 1 million
• GM's Manufacturing Facility Costs:
  • Total Manufacturing Costs: $1.2 billion
  • Allocation Base: Total Manufacturing Square Footage
  • Total Square Footage (GM): 20 million

Requirements:

1. Calculate the overhead cost allocation rate per vehicle for Toyota's assembly plants.
2. Determine the overhead cost allocation rate per square foot for GM's manufacturing facilities.