The total factory overhead for Bardet Marine Company is budgeted for the year 60

Question

The total factory overhead for Bardet Marine Company is budgeted for the year 600,000 divided into two departments: Fabrication. $420,000 and Assembly $180,000. Bandot Marine manufactures two types of boats: speedboats and bass boats. The speedboats require 8 direct labor hours in Fabrication and 4 direct labor hours in Assembly. The bass boats require 4 drect labor hours in Fabrication and B direct labor hours in Assembly Each product is budgeted for 250 units of production for the year a Determine the total number of budgeted direct labor hours for the year in ea dinect labor hours direct labor hours EachAeemay b Determine the departmental factory overhead rates for both departments Required a. Determine the total number of budgeted dinect labor hours for the year in each Fabrication b. Dmine the departmental factory overhead ales for both departments cDetermine the factory overhead alocated per unt for each product using the c.Determine hekeryoverhead alocated ??? kr each product using toon department factory overhead alocation rales factory ovemead alocation rates per unt Bass boat Previs 9 0 0 2

Explanation / Answer

a. Total number of budgeted labor hours for each department Fabrication Assembly The speed boat requires 8 Dlh 4 Dlh The Bass boat requires 4 Dlh 8 Dlh Total hours in fabrication 12 Dlh 12 Dlh * * Budgeted production 250 Units 250 Units Total direct labor 3000 Dlh 3000 Dlh b. Departmental factory overhead rates: Fabrication Assembly 1) Budgeted factory overhead 420000 180000 2) Total direct labor 3000 3000 Departmental factory overhead rate (1)/(2) 140 60 c. Factory overhead allocated per unit Speed boats Bass boats Fabrication Assembly Fabrication Assembly Dlh required 8 4 4 8 Departmental factory overhead rate 140 60 140 60 Factory overhead allocated per unit 1120 240 560 480 1360 1040

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