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The company uses a single plantwide factory overhead rate. The budgeted Factory Overhead Costs for the...

The company uses a single plantwide factory overhead rate. The budgeted Factory Overhead Costs for the year are $1,400,000 and allocates factory overhead based on direct labor hours. The company plans to make 100,000 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:

Solutions

Expert Solution

The answer has been presented in the supporting sheet. For detailed answer refer to the supporting sheet. For detailed answer refer to the supporting sheet.

ekkarill92 answered 1 year ago
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