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Multiple production department factory overhead rates

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.

If required, round all per unit answers to the nearest cent.

a$.$ Determine the total number of budgeted direct labor hours for the year in each departm$$t$.$

Fabrication $$ direct labor hours

Assembly $$ direct labor hours

b$.$ Determine the departmental factory overhead rates for both departments.

Fabrication Department rate $ $$ per dlh

Assembly Department rate $ $$ per dlh

c$.$ Determine the factory overhead allocated per unit for each product using the department factory overhead allocation rates.

Total factory overhead $ $$ per speedboat

Total factory overhead $ $$ per bass boat