Muttiple production oepartment tactory overhesd rates The total factery averhead for Cypress Marine Company is budgeted for the year at $900,000 divided into two departments: Fabrication, $624,000, and Assembly. 5276,000. Cypress Marine mandactures two types of boats: specdboats and bass boats. The speedboats require 7 direct labor hours in Fabrication and 3 direct labor hours in Assembly. The bass boats fequire 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 bucgeted drect labor hours for the vear in each department. b. Determine the departiental factory oveitiead rates for both depatments. Tabrication Department, rate 1 5. Deteimine the factary weinesd asscated per uns for each prosuct usitig the departinent factory oveihedatiocation rates Total factory evertheas 1 per iptedboat Hotal factory overtest 1 per bose bos