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Question Content Area The total factory overhead for Big Light Company is budgeted for the year at $1,393,700. Big Light manufactures two different products: night lights and desk lamps. Night lights are budgeted for 17,000 units. Each night light requires 3 hours of direct labor. Desk lamps are budgeted for 13,000 units. Each desk lamp requires 2 hours of direct labor. a.  Determine the total number of budgeted direct labor hours for the year. fill in the blank 1 of 1 direct labor hours b.  Determine the single plantwide factory overhead rate using direct labor hours as the allocation base. Round your answer to two decimal places. fill in the blank 1 of 1$ per direct labor hour c.  Determine the factory overhead allocated per unit for each product using the single plantwide factory overhead rate determined in (b). Round your answers to two decimal places. Night lights fill in the blank 1 of 1$ per unit Desk lamps fill in the blank 1 of 1$ per unit

Question Content Area The total factory overhead for Big Light Company is budgeted for the year at $1,393,700. Big Light manufactures two different products: night lights and desk lamps. Night lights are budgeted for 17,000 units. Each night light requires 3 hours of direct labor. Desk lamps are budgeted for 13,000 units. Each desk lamp requires 2 hours of direct labor. a.  Determine the total number of budgeted direct labor hours for the year. fill in the blank 1 of 1 direct labor hours b.  Determine the single plantwide factory overhead rate using direct labor hours as the allocation base. Round your answer to two decimal places. fill in the blank 1 of 1$ per direct labor hour c.  Determine the factory overhead allocated per unit for each product using the single plantwide factory overhead rate determined in (b). Round your answers to two decimal places. Night lights fill in the blank 1 of 1$ per unit Desk lamps fill in the blank 1 of 1$ per unit

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter4: Activity-based Costing
Section: Chapter Questions
Problem 1BE: Single plantwide factory overhead rate The total factory overhead for Bardot Marine Company is...
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  1. Question Content Area

    The total factory overhead for Big Light Company is budgeted for the year at $1,393,700. Big Light manufactures two different products: night lights and desk lamps. Night lights are budgeted for 17,000 units. Each night light requires 3 hours of direct labor. Desk lamps are budgeted for 13,000 units. Each desk lamp requires 2 hours of direct labor.

    a.  Determine the total number of budgeted direct labor hours for the year.
    fill in the blank 1 of 1 direct labor hours

    b.  Determine the single plantwide factory overhead rate using direct labor hours as the allocation base. Round your answer to two decimal places.
    fill in the blank 1 of 1$ per direct labor hour

    c.  Determine the factory overhead allocated per unit for each product using the single plantwide factory overhead rate determined in (b). Round your answers to two decimal places.

    Night lights fill in the blank 1 of 1$ per unit
    Desk lamps fill in the blank 1 of 1$ per unit

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