Question
Complete these problems and show your work, please The total factory overhead for the Brandon Motorboat Company is budgeted for the year at $600,000 divided
Complete these problems and show your work, please
The total factory overhead for the Brandon Motorboat Company is budgeted for the year at $600,000 divided into two departments: Fabrication, $420,000, and Assembly, $180,000. The company makes 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. Determine the following:
- the total number of budgeted direct labor hours for the year in each department
- the departmental factory overhead rates for both departments
- the factory overhead allocated per unit for each product using department factory overhead allocation rates.
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