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Multiple Production Department Factory Overhead Rates The total factory overhead for Bardot Marine Company is budgeted for the year at $827,500, divided into two departments: Fabrication, $662,500, and Assembly, $165,000. Bardot Marine manufactures two types of boats: speedboats and bass boats. The speedboats require two direct labor hours in Fabrication and two direct labor hours in Assembly. The bass boats require three direct labor hours in Fabrication and one direct labor hour in Assembly. Each product is budgeted for 5,000 units of production for the year. When 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. direct labor hours direct labor hours b. Determine the departmental factory overhead rates for both departments. por din per din Fabrication Assembly Fabrication

Multiple Production Department Factory Overhead Rates The total factory overhead for Bardot Marine Company is budgeted for the year at $827,500, divided into two departments: Fabrication, $662,500, and Assembly, $165,000. Bardot Marine manufactures two types of boats: speedboats and bass boats. The speedboats require two direct labor hours in Fabrication and two direct labor hours in Assembly. The bass boats require three direct labor hours in Fabrication and one direct labor hour in Assembly. Each product is budgeted for 5,000 units of production for the year. When 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. direct labor hours direct labor hours b. Determine the departmental factory overhead rates for both departments. por din per din Fabrication Assembly Fabrication

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Multiple Production Department Factory Overhead Rates The total factory overhead for Bardot Marine Company is budgeted for the year at $827,500, divided into two departments: Fabrication, $662,500, and Assembly, $165,000. Bardot Marine manufactures two types of boats: speedboats and bass boats. The speedboats require two direct labor hours in Fabrication and two direct labor hours in Assembly. The bass boats require three direct labor hours in Fabrication and one direct labor hour in Assembly. Each product is budgeted for 5,000 units of production for the year. When 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. Fabrication. Assembly direct labor hours direct labor hours b. Determine the departmental factory overhead rates for both departments. Fabrication por din per dih Assembly c. Determine the factory overhead allocated per unit for each product using the department factory overhead allocation rates. Speedboat: Bass boat: per unit per unit
Transcribed Image Text:Multiple Production Department Factory Overhead Rates The total factory overhead for Bardot Marine Company is budgeted for the year at $827,500, divided into two departments: Fabrication, $662,500, and Assembly, $165,000. Bardot Marine manufactures two types of boats: speedboats and bass boats. The speedboats require two direct labor hours in Fabrication and two direct labor hours in Assembly. The bass boats require three direct labor hours in Fabrication and one direct labor hour in Assembly. Each product is budgeted for 5,000 units of production for the year. When 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. Fabrication. Assembly direct labor hours direct labor hours b. Determine the departmental factory overhead rates for both departments. Fabrication por din per dih Assembly c. Determine the factory overhead allocated per unit for each product using the department factory overhead allocation rates. Speedboat: Bass boat: per unit per unit
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