ACCT 2123 - Managerial Accounting Chapter 18 Additional Exercises 1) Single Plantwide Factory Overhead Rate The total factory overhead for Bardot Marine Company is budgeted for the year at $600,000 Bardot Marine manufactures two types of boats speedboats and bass boats. The speedboat and bass boat each require 12 direct labor hours for manufacture. Each product is budgeted for 250 units of production for the year. a. Determine the total number of budgeted direct labor hours for the year b. Determine the single plantwide factory overhead rate c. Determine the factory overhead allocated per unit for each product using the single plantwide factory overhead rate 2) Multiple Production Department Factory Overhead Rates The total factory overhead for Bardot Marine Company is budgeted for the year at $600,000 divided into two departments: Fabrication, $420,000, and Assembly, $180,000. Bardot Marine manufactures two types of boats: speedboats and bass boats. The speedboats require 8 direct labor hours in Fabrication and 4 direct labor hours in Assembly. The bass boats require 4 direct labor hours in Fabrication and 8 direct labor hours in Assembly. Each product is budgeted for 250 units of production for the year. a. Determine the total number of budgeted direct labor hours for the year in each department b. Determine the departmental factory overhead rates for both departments c. Determine the factory overhead allocated per unit for each product using the department factory overhead allocation rates 3) Activity-Based Costing: Factory Overhead Costs The total factory overhead for Bardot Marine Company is budgeted for the year at $600.000, divided into four activities: fabrication, $204,000, assembly, $105,000, setup, $156,000, and inspection, $135,000. 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: Speedboat Bass boat Fabrication 2,000 dih 1,000 3,000 dih Assembly Setup 1,000 dih 300 setups 2,000 100 3,000 dih 400 setups Inspection 1,100 inspections 400 1,500 inspections Each product is budgeted for 250 units of production for the year. a. Determine the activity rates for each activity b. Determine the activity-based factory overhead per unit for each product