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Activity-Based Costing Maritime Marine Company has total estimated factory overhead for the year of $933,600, divided into four activities: fabrication, $334,800; assembly, $179,400; setup, $176,400; and inspection, $243,000. Maritime manufactures two types of boats: a speedboat and a bass boat. The activity-base usage quantities for each product by each activity are as follows: Fabrication Assembly Setup Inspection Speedboat 800 dih 1,600 dlh 60 setups 90 inspections Bass boat 1,900 1,000 120 450 2,700 dih 2,600 din 180 setups 540 inspections Each product is budgeted for 100 units of production for the year. per dih NA a. Determine the activity rates for each activity. Fabrication per dih Assembly Setup per setup Inspection per inspection b. Determine the factory overhead cost per unit for each product, using activity-based costing. If required, round to the nearest cent. Speedboat Bass boat Cost of Goods Sold, Profit margin, and Net Income for a Manufacturing Company The following information is available for Gonzalez Manufacturing Company for the month ending July 31, 2016: Cost of goods manufactured $312,910 Selling expenses 104,520 Administrative expenses 55,260 Sales 665,760 Finished goods inventory, July 1 75,230 Finished goods inventory, July 31 68,570 For the month ended July 31, 2016, determine Gonzalez's (a) cost of goods sold, (b) gross profit, and (c) net income. (a) Gonzalez Manufacturing Company Cost of Goods Sold July 31, 2016 (b) Gonzalez Manufacturing Company Gross Profit July 31, 2016 (c) Gonzalez Manufacturing Company Net Income July 31, 2016 Operating expenses: Total operating expenses