Orange County Chrome Company manufactures three chrome-plated productsautomobile bumpers, valve covers, and wheels. These products...
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Accounting
Orange County Chrome Company manufactures three chrome-plated productsautomobile bumpers, valve covers, and wheels. These products are manufactured in two production departments (Stamping and Plating). The factory overhead for Orange County Chrome is $220,800.
The three products consume both machine hours and direct labor hours in the two production departments as follows:
Direct Labor Hours
Machine Hours
Stamping Department
Automobile bumpers
560
800
Valve covers
300
560
Wheels
340
600
1,200
1,960
Plating Department
Automobile bumpers
170
1,170
Valve covers
180
710
Wheels
175
760
525
2,640
Total
1. Determine the single plantwide factory overhead rate, using each of the following allocation bases: (a) direct labor hours and (b) machine hours.
Direct labor overhead rate:
per direct labor hour
Machine hour overhead rate:
per machine hour
2. Determine the product factory overhead costs, using (a) the direct labor hour plantwide factory overhead rate and (b) the machine hour plantwide factory overhead rate. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries.
Question not attempted.
Score: 0/36
1
Automobile Bumpers
Valve Covers
Wheels
2
3
1,725
4,600
Answer & Explanation
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