Multiple production department factory overhead rates The total factory overhead for Cypress Marine Company is budgeted for the year at $800,000, divided into two departments: Fabrication, $556,250, and Assembly, $243,750. Cypress Marine manufactures two types of boats: speedboats and bass boats. The speedboats require four direct labor hours in Fabrication and three direct labor hours in Assembly. The bass boats require one direct labor hour in Fabrication and two direct labor hours in Assembly. Each product is budgeted for 5,000 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 department. Fabrication Assembly 4 direct labor hours 3 direct labor hours b. Determine the departmental factory overhead rates for both departments. Fabrication Department rate $ Assembly Department rate : c. Determine the factory overhead Total factory overhead s Total factory overhead s per dihi per dih allocated per unit for each product using the department factory overhead allocation rates. per speedboat per bass boat