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Determine the single plantwide overhead rate

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Problem - Bach Instruments Inc. makes three musical instruments: flutes, clarinets, and oboes. The budgeted factory overhead cost is $2,948,125. Overhead is allocated to the three products on the basis of direct labor hours. The products have the following budgeted production volume and direct labor hours per unit:

Budgeted Production Volume

Direct Labor Hours per Unit

Flutes

2,000 units

2.0

Clarinets

1,500

3.0

Oboes

1,750

1.5

Required -

a. Determine the single plantwide overhead rate.

b. Use the overhead rate in (a) to determine the amount of total and per-unit overhead allocated to each of the three products, rounded to the nearest dollar.

Reference no: EM132715370

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