The total factory overhead for Bardot Marine Company is budgeted for the year at $1,085,500, divided into two departments: Fabrication, $630,500, and Assembly, $455,000. Bardot Marine manufactures two types of boats: speedboats and bass boats. The speedboats require three direct labor hours in Fabrication and four direct labor hours in Assembly. The bass boats require one direct labor hour in Fabrication and three direct labor hours in Assembly. Each product is budgeted for 6,500 units of production for the year. 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. direct labor hours direct labor hours b. Determine the departmental factory overhead rates for both departments. Fabrication Assembly Fabrication Assembly c. Determine the factory overhead allocated per unit for each product using the department factory overhead allocation rates. Speedboat: per dlh per dlh Bass boat: per unit per unit

The total factory overhead for Bardot Marine Company is budgeted for the year at $1,085,500, divided into two departments: Fabrication, $630,500, and Assembly, $455,000. Bardot Marine manufactures two types of boats: speedboats and bass boats. The speedboats require three direct labor hours in Fabrication and four direct labor hours in Assembly. The bass boats require one direct labor hour in Fabrication and three direct labor hours in Assembly. Each product is budgeted for 6,500 units of production for the year. 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. direct labor hours direct labor hours b. Determine the departmental factory overhead rates for both departments. Fabrication Assembly Fabrication Assembly c. Determine the factory overhead allocated per unit for each product using the department factory overhead allocation rates. Speedboat: per dlh per dlh Bass boat: per unit per unit

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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