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 $1,344,900, divided into four activities: fabrication, $672,000; assembly, $234,000; setup, $239,400; and inspection, $199,500. 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:

FabricationAssemblySetupInspection

Speedboat10,500dlh29,250dlh76setups131inspections

Bass boat31,500 9,750 554 919

42,000dlh39,000dlh630setups1,050inspections

Each product is budgeted for 4,000 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.
Activity rates
Fabrication [ 672000/42000 ] 16 per direct labor hour
Assembly [ 234000 / 39000 ] 6 per direct labor hour
Setup [ 239400/630 ] 380 per setup
Inspection [ 199500 / 1050 ] 190 per inspection
b.
Speedboat Bass boat
Overhead allocation :
Fabrication 168000 504000
Assembly [ 234000 / 39000 ] 175500 58500
Setup [ 239400/630 ] 28880 210520
Inspection [ 199500 / 1050 ] 24890 174610
Total overhead allocated 397270 947630
(/) Budgeted units of production 4000 4000
activity-based factory overhead per unit 99 237
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