Multiple Production Department Factory Overhead Rates The total factory overhead for Bardot Marine Company is budgeted for the year at $1,702,500, divided into two departments: Fabrication, $1,286,250, and Assembly, $416,250. Bardot Marine manufactures two types of boats: speedboats and bass boats. The speedboats require four direct labor hours in Fabrication and four direct labor hours in Asserribly. The bass boats require three direct labor hours in Fabrication and two direct labor hours in Assembly. Each product is budgeted for 7,500 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 52,500 direct labor hours Assembly 45,000 direct labor hours Fabrication b. Determine the departmental factory overhead rates for both departments. 24.5 per dih Assembly 9.25 per din c. Determine the factory overtiead allocated per unit for each product using the department factory overhead allocation rates. Speedboat: X per unit Bass boat: X per unit Foodback Check My Work Calculate: (a) For each department, multiply Number of Boat Type x Direct Labor Hours required. Add both boat hours together to obtain the total for the department (b) Tutal Overhead for each Department - Hours calculated in Req. (a) = Departmental Rate (c) For each boat type, determine the Overhead from each department by multiplying Direct Labor Hours x Rate determined in Req. (b). Then add together the overhead from both departments for each boat type to obtain overhead allocated per unit of product