If the budgeted factory overhead cost is $460,000, the budge…

If the budgeted factory overhead cost is $460,000, the budgeted direct labor hours are 80,000, and the actual direct labor hours are 6,700 for the month, the amount of factory overhead to be allocated is $38,525 (if the allocation is based on direct labor hours using a single plantwide rate).

Zorn Co. budgeted $600,000 of factory overhead cost for the…

Zorn Co. budgeted $600,000 of factory overhead cost for the coming year. Its plantwide allocation base, machine hours, is budgeted at 100,000 hours. Budgeted units to be produced are 200,000 units. Zorn’s plantwide factory overhead rate is $3 per hour.