Crinkle cut clothes company manufactures two products cc1 and cc2. current direct material and direct labor costs are detailed below. next year the company wishes to use a plantwide overhead rate with direct labor hours as its allocation base. next year's overhead is estimated to be $338,250. the direct labor and direct materials costs are estimated to be consistent with the current year. direct labor costs $28 per hour and the company expects to manufacture 22,000 units of cc1 and 91,000 units of cc2 next year. direct material per unit direct labor dollars per unit cc1 $ 37.10 $ 22.40 cc2 $ 25.20 $ 15.40 compute the plantwide overhead rate for next year.

Overhead rate per hour = $5 per hour

Explanation:

Provided labor hour rate = $28 per hour

Also cost of direct labor for both the products

CC1 = $22.40

CC2 = $15.40

Total labor hour for each product = Cost per unit/Rate per hour

CC1 = $22.40/$28 = 0.8 X 60 minutes = 48 minutes

CC2 = $15.40/$28 = 0.55 X 60 minutes = 33 minutes

Provide total units

CC1 = 22,000 units, therefore total time = 22,000 X 48 minutes = 1,056,000 minutes = 17,600 hours (1,056,000/60)

CC2 = 91,000 units, therefore total time = 91,000 X 33 minutes = 3,003,000 minutes = 50,050 hours

Total hours = 17,600 + 50,050 hours = 67,650 hours

Therefore Overhead rate per hour = $338,250/67,650 = $5 per hour

On this rate per hour for labor the the overheads will be charged.

Overhead rate per hour = $5 per hour

answer: b) the us is the leading importer but not the leading exporter.

extra info:

the u.s is the largest importer but it is not the largest exporter as china sits on the top of the table when it comes to leading exporters.

but u.s is not far from first,

they rank in 2nd globally as the worlds largest exporter.

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