Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Maritime Marine Company has total estimated factory overhead for the year of $1,007,000, divided into four activities: fabrication, $450,000 assembly, $177,500; setup, $154,000; and inspection,

image text in transcribed
Maritime Marine Company has total estimated factory overhead for the year of $1,007,000, divided into four activities: fabrication, $450,000 assembly, $177,500; setup, $154,000; and inspection, $225,500. Maritime manufactures two types of boats: a speedboat and a bass boat. The activity-base usage quantities for each product by each activity are as follows: Assembly 1,500 dlh 1,000 2,500 dlh Fabrication Inspection 110 inspections 300 410 inspections Setup Speedboat 1,000 dih 2,000 3,000 dih 60 setups Bass boat 80 140 setups Each product is budgeted for 100 units of production for the year. a. Determine the activity rates for each activity. Fabrication Assembly Setup Inspection b. Determine the factory overhead cost per unit for each product, using activity-based costing. If required, round to the nearest cent. per dih per dih per setup per inspection Speedboat Bass boat

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Construction Safety Auditing Made Easy A Checklist Approach To OSHA Compliance

Authors: Kathleen Hess-Kosa

2nd Edition

0865879796, 978-0865879799

More Books

Students also viewed these Accounting questions