Question

The total factory overhead for Bardot Marine Company is budgeted for the year at $833,250, divided...

The total factory overhead for Bardot Marine Company is budgeted for the year at $833,250, divided into two departments: Fabrication, $660,000, and Assembly, $173,250. Bardot Marine manufactures two types of boats: speedboats and bass boats. The speedboats require two direct labor hours in Fabrication and one direct labor hour in Assembly. The bass boats require four direct labor hours in Fabrication and two direct labor hours in Assembly. Each product is budgeted for 5,500 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.

Fabrication direct labor hours
Assembly direct labor hours

b. Determine the departmental factory overhead rates for both departments.

Fabrication $ per dlh
Assembly $ per dlh

c. Determine the factory overhead allocated per unit for each product using the department factory overhead allocation rates.

Speedboat: $ per unit
Bass boat: $ per unit

Homework Answers

Answer #1

Answer:

Fabrication:
Speedboat Bass boat Total
Budgeted production 5500 5500
X Direct labor hours per unit 2 2
Total direct labor hours 11000 11000 22000
Assembly :
Speedboat Bass boat Total
Budgeted production 5500 5500
X Direct labor hours per unit 2 4
Total direct labor hours 11000 22000 33000
a
Fabrication 22000 direct labor hours
Assembly 33000 direct labor hours
b
Fabrication 30 per dlh =660000/22000
Assembly 5.25 per dlh =173250/33000
c
Speedboat 70.5 per unit =(2*30)+(2*5.25)
Bass boat 81 per unit =(2*30)+(4*5.25)
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