Question

In: Accounting

total factory overhead for Bardot Marine Company is budgeted for the year at $778,050, divided into...

total factory overhead for Bardot Marine Company is budgeted for the year at $778,050, divided into four activities: fabrication, $357,000; assembly, $147,000; setup, $148,050; and inspection, $126,000. 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 5,250 dlh 15,750 dlh 38 setups 66 inspections
Bass boat 15,750 5,250 277 459
21,000 dlh 21,000 dlh 315 setups 525 inspections

Each product is budgeted for 3,500 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

Solutions

Expert Solution

Fabrication            357,000.0 Fabrication Assembly Setup Inspection
Assembly            147,000.0 Activity Base DLH DLH Setups Inspections
Setup            148,050.0 Speedboat                         5,250.0       15,750.0        38.0                 66.0
Inspection            126,000.0 Bass boat                      15,750.0         5,250.0      277.0               459.0
Budgeted Total Overhead            778,050.0 Total Allocation                      21,000.0       21,000.0      315.0               525.0
A A B A/B
Budgeted OH Activity Base Activity Rate
Fabrication            357,000.0          21,000.0 17.00 Per DLH
Assembly            147,000.0          21,000.0 7.00 Per DLH
Setup            148,050.0                315.0 470.00 Per Setups
Inspection            126,000.0                525.0 240.00 Per Inspection
B Allocation to Products: Activity Usage Allocation (Activity Usage*Activity Rate)
Activity Rate Speedboat Bass boat Speedboat Bass boat
Fabrication 17.0 5,250.0 15,750.0                         89,250.0                    267,750.0
Assembly 7.0 15,750.0 5,250.0                       110,250.0                      36,750.0
Setup 470.0 38.0 277.0                         17,860.0                    130,190.0
Inspection 240.0 66.0 459.0                         15,840.0                    110,160.0
Total Overhead                       233,200.0                    544,850.0
Units                         3,500.00                      3,500.00
OH PU                                     67                                156

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