Question

Activity-Based Costing: Factory Overhead Costs The total factory overhead for Bardot Marine Company is budgeted for...

Activity-Based Costing: Factory Overhead Costs

The total factory overhead for Bardot Marine Company is budgeted for the year at $925,250, divided into four activity pools: fabrication,, $459,000; assembly, $203,000; setup, $141,750; and inspection, $121,500. 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 6,750 dlh 21,750 dlh 49 setups 84 inspections
Bass boat 20,250 7,250 356 591
27,000 dlh 29,000 dlh 405 setups 675 inspections

Each product is budgeted for 2,500 units of production for the year.

a. Determine the activity rates for each activity.

Fabrication $ per direct labor hour
Assembly $ per direct labor hour
Setup $ per setup
Inspection $ per inspection

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

Speedboat $ per unit
Bass boat $ per unit

Homework Answers

Answer #1
a
Fabrication 17 per direct labor hour =459000/27000
Assembly 7 per direct labor hour =203000/29000
Setup 350 per setup =141750/405
Inspection 180 per inspection =121500/675
b
Speedboat Bassboat
Activity rate Activity Overhead allocated Activity Overhead allocated
Fabrication 17 6750 114750 20250 344250
Assembly 7 21750 152250 7250 50750
Setup 350 49 17150 356 124600
Inspection 180 84 15120 591 106380
Total 299270 625980
Units 2500 2500
Overhead per unit 120 250
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