Which of the following allocation bases would most likely be used under the single plantwide rate method?

Packing Department direct labor hours

number of engineering changes

total direct labor hours

number of setups

Which of the following is not a cost driver used with the activity-based costing method?

All are used.

Direct Labor Hours

Production Setups

Engineering

Paint Corp. budgeted $1,000,000 of overhead cost for the year. Actual overhead costs for the year were $960,000. Lasso's plantwide allocation base, machine hours, was budgeted at 500,000 hours. Actual machine hours were 450,000. Budgeted units to be produced are 400,000 units. Lasso's plantwide factory overhead rate for this year is:

$2.00 per machine hour.

$2.22 per machine hour.

$1.92 per machine hour.

$2.00 per unit.