BE $18-1$ Single Plantwide Factory Overhead Rate

Obj. $2$

The total factory overhead for Cypress Marine Company is budgeted for the year at $$900,000.$ Cypress Marine manufactures two types of boats: speedboats and bass boats. The speedboat and bass boat each require $10$ direct labor hours for manufacture. Each product is budgeted for $400$ units of production for the year. Determine $($a$)$ the total number of budgeted direct labor hours for the year, $($b$)$ the single plantwide factory overhead rate, and $($c$)$ the factory overhead allocated per unit for each product using the single plantwide factory overhead rate.

BE $18-2$ Multiple Production Department Factory Overhead Rates

Obj. $3$

The total factory overhead for Cypress Marine Company is budgeted for the year at $$900,000$ divided into two departments: Fabrication, $$624,000,$ and Assembly, $$276,000.$ Cypress Marine manufactures two types of boats: speedboats and bass boats. The speedboats require $7$ direct labor hours in Fabrication and $3$ direct labor hours in Assembly. The bass boats require $5$ direct labor hours in Fabrication and $5$ direct labor hours in Assembly. Each product is budgeted for $400$ units of production for the year. Determine $($a$)$ the total number of budgeted direct labor hours for the year in each department, $($b$)$ the departmental factory overhead rates for both departments, and $($c$)$ the factory overhead allocated per unit for each product using the department factory