If required, round all per unit answers to the nearest cent.a. Determine the total number of budgeted direct labor hours for the year in each department.Fabricationdirect labor hoursAssembly 25,000✔ direct labor hoursb. Determine the departmental factory overhead rates for both departments.Fabrication Department rateX per dlhAssembly Department rate $ 10.25 ✓ per dihof pc. Determine the factory overhead allocated per unit for each product using the department factory overhead allo-Total factory overhead $per speedboatTotal factory overhead $per bass boat Multiple production department factory overhead ratesThe total factory overhead for Cypress Marine Company is budgeted for the year at $567,500, divided into twoFabrication, $311,250, and Assembly, $256,250. Cypress Marine manufactures two types of boats: speedboatsspeedboats require two direct labor hours in Fabrication and three direct labor hours in Assembly. The bass boalabor hour in Fabrication and two direct labor hours in Assembly. Each product is budgeted for 5,000 units of priIf required, round all per unit answers to the nearest cent.

Name: If required, round all per unit answers to the nearest cent.a. Determ
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Description: If required, round all per unit answers to the nearest cent.a. Determine the total number of budgeted direct labor hours for the year in each department.Fabricationdirect labor hoursAssembly 25,000✔ direct labor hoursb. Determine the departmental fa

Fabrication = 15,000 direct labor hoursAssembly = 25,000 direct labor hoursFabricationAssemblyTotal…

Business

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Multiple production department factory overhead rates he total factory overhead for Cypress Marine Company is budgeted for the year at $567,500, divided into t Fabrication, $311,250, and Assembly, $256,250. Cypress Marine manufactures two types of boats: speedboa speedboats require two direct labor hours in Fabrication and three direct labor hours in Assembly. The bass b abor hour in Fabrication and two direct labor hours in Assembly. Each product is budgeted for 5,000 units of If required, round all per unit answers to the nearest cont

Multiple production department factory overhead rates he total factory overhead for Cypress Marine Company is budgeted for the year at $567,500, divided into t Fabrication, $311,250, and Assembly, $256,250. Cypress Marine manufactures two types of boats: speedboa speedboats require two direct labor hours in Fabrication and three direct labor hours in Assembly. The bass b abor hour in Fabrication and two direct labor hours in Assembly. Each product is budgeted for 5,000 units of If required, round all per unit answers to the nearest cont

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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