Question

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Multiple Production Department Factory Overhead Rates The total factory overhead for Bardot Marine Company is budgeted...

Multiple Production Department Factory Overhead Rates

The total factory overhead for Bardot Marine Company is budgeted for the year at $1,345,500, divided into two departments: Fabrication, $1,069,250, and Assembly, $276,250. Bardot Marine manufactures two types of boats: speedboats and bass boats. The speedboats require four direct labor hours in Fabrication and one direct labor hours in Assembly. The bass boats require three direct labor hours in Fabrication and four direct labor hours in Assembly. Each product is budgeted for 6,500 units of production for the year.

When 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

Solutions

Expert Solution

a

Particulars Fabrication Assembly
Speedboats hours              26,000                 6,500
Bass boats hours              19,500              26,000
Budgeted hours              45,500              32,500

b

Particulars Fabrication Assembly
Estimated overhead         1,069,250            276,250
/ hours              45,500              32,500
Overhead rate                23.50                   8.50

c

Speed boat Bass boat
Fabrication OH                94.00                70.50
Assembly                   8.50                34.00
OH per unit              102.50              104.50

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