Exercise $17-3($Static$)$ Computing plantwide overhead rate LO P$1$

Dade Metals manufactures patio furniture. The company budgets overhead cost of $$400,000$ for the year. It also budgets $20,000$ machine hours and $5,000$ direct labor hours.

Compute the plantwide overhead rate, assuming the company allocates overhead based on $($a$)$ machine hours and $($b$)$ direct labor hours.

$2$a$.$ Job $121$ uses $100$ machine hours and $50$ direct labor hours. Allocate overhead to Job $121$ assuming overhead is allocated based on machine hours.

$2$b$.$ Job $121$ uses $100$ machine hours and $50$ direct labor hours. Allocate overhead to Job $121$ assuming overhead is allocated based on direct labor hours.

Complete this question by entering your answers in the tabs below.

Required $1$

Required $2A$

Required $2$B

Compute the plantwide overhead rate, assuming the company allocates overhead based on $($a$)$ machine hours and $($b$)$ direct labor hours.

$\backslash$table$[[$a$.$ Plantwide overhead rate,,per machine hour$],[$b$.$ Plantwide overhead rate,,per direct labor hour$]]$