Camper's Edge Factory produces two products: canopies and tents. The total factory overhead is budgeted at $750,000 for the year, divided between two departments: Cutting, $350,000, and Sewing, $400,000. Each canopy requires 2 direct labor hours in Cutting and 1 direct labor hour in Sewing. Each tent requires 1 direct labor hour in Cutting and 6 direct labor hours in Sewing. Production for the year is budgeted for 20,000 canopies and 10,000 tents. a.  Determine the total number of budgeted direct labor hours for the year in each department. Cutting fill in the blank 1 direct labor hours Sewing fill in the blank 2 direct labor hours b.  Determine the departmental factory overhead rate for each department. Round your answers to two decimal places, if necessary. Cutting $fill in the blank 3 per direct labor hour Sewing $fill in the blank 4 per direct labor hour c.  Determine the factory overhead allocated per unit of each product, using the departmental factory overhead rates determined in (b). Round your answers to two decimal places, if necessary. Total FOH allocated per canopy $fill in the blank 5 Total FOH allocated per tent $fill in the blank 6

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Overheads

In cost accounting, overhead refers to those expenses which occur during the operating of a business. Overhead includes the fixed, variable, or semi-variable which is not directly involved with a company product or service. It is very important to analyze overhead expense as it helps the company in determining how much a company must charge for its products and services so that they can generate profit.  Overhead expenses depend upon the nature of the business operations.