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Direct Labor Hours Per Unit Price Per Unit Direct Materials Per Unit Budgeted Volume (Units) 5,000 12,500 Pistons 0.50 $45 $8 Valves 0.30 17 3 Cams 1,500 0.20 60 40 The estimated direct labor rate is $30 per direct labor hour. Beginning and ending inventories are negligible and are, thus, assumed to be zero. The budgeted factory overhead for Elliott Engines is $13,750. If required, round all per unit answers to the nearest cent. a. Determine the plantwide factory overhead rate. 28.00 X per dih b. Determine the factory overhead and direct labor cost per unit for each product. Direct Labor Hours Per Unit Factory Overhead Cost Per Unit Direct Labor Cost Per Unit dih Pistons dlh $ Valves $ Cams dlh Fedo Previous Next profit as a percent of sales in the last line of your report, rounded to one decimal place. Enter gross profit/gross profit percentage of sales. Orange County Engine Parts Inc. Product Line Budgeted Gross Profit Reports For the Year Ended December 31, 2012 Pistons Valves Cams Revenues $ Product Costs Direct materials $ $ $ Direct labor Factory overhead Total Product Costs $ $ $ BA Gross profit $ $ % % Gross profit percentage of sales % th Feedback Check My Work