Ace Marine manufactures two types of boats: speedboats and bass boats The total factory overhead for Ace Marine Company is budgeted for the year at $600,000, divided into four activities: Fabrication Assembly Setup Inspection $240,000 105,000 144,000 90,000 The activity-base usage quantities for each product by each activity are as follows: Fabrication Assembly Setup Inspection Speed boats 1,000 dih 2.000 dih 100 setups 1.100 Inspections Bass Beats 2.000 1,000 300 400 3,000 3,000 400 1,500 Budgeted number of speedboats to be produced during the year 250 What is the activity rate for each of the following activities? $ $ a. Fabrication per direct labor hour b. Assembly per direct labor hour c. Setup per setup d. Inspection per inspection e. What is the the activity-based factory overhead per unit for the speedbo 1. Journalize the entry to apply the factory overhead for the speedboats to production Account Debit Date Credit