The total factory overhead for Bardot Marine Company is budgeted for the year at $907,550, divided into four activities: fabrication, $429,000; assembly, $170,000; setup, $168,300; and inspection, $140,250. Bardot Marine manufactures two types of boats: speedboats and bass boats. The activity-base usage quantities for each product by each activity are as follows:   Fabrication Assembly Setup Inspection Speedboat 8,250 dlh 25,500 dlh 59 setups 103 inspections Bass boat 24,750   8,500   436   722     33,000 dlh 34,000 dlh 495 setups 825 inspections Each product is budgeted for 6,000 units of production for the year. a.   Determine the activity rates for each activity. Fabrication $fill in the blank 1 per direct labor hour Assembly $fill in the blank 2 per direct labor hour Setup $fill in the blank 3 per setup Inspection $fill in the blank 4 per inspection b.   Determine the activity-based factory overhead per unit for each product. Round to the nearest whole dollar. Speedboat $fill in the blank 5 per unit Bass boat $fill in the blank 6 per unit

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The total factory overhead for Bardot Marine Company is budgeted for the year at $907,550, divided into four activities: fabrication, $429,000; assembly, $170,000; setup, $168,300; and inspection, $140,250. Bardot Marine manufactures two types of boats: speedboats and bass boats. The activity-base usage quantities for each product by each activity are as follows:

  Fabrication Assembly Setup Inspection
Speedboat 8,250 dlh 25,500 dlh 59 setups 103 inspections
Bass boat 24,750   8,500   436   722  
  33,000 dlh 34,000 dlh 495 setups 825 inspections

Each product is budgeted for 6,000 units of production for the year.

a.   Determine the activity rates for each activity.

Fabrication $fill in the blank 1 per direct labor hour
Assembly $fill in the blank 2 per direct labor hour
Setup $fill in the blank 3 per setup
Inspection $fill in the blank 4 per inspection

b.   Determine the activity-based factory overhead per unit for each product. Round to the nearest whole dollar.

Speedboat $fill in the blank 5 per unit
Bass boat $fill in the blank 6 per unit
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