Problem 1 - Single plantwide factory overhead rate The total factory overhead for Bardot Marine Company is budgeted for the year at $816,000. Bardot Marine manufactures two types of boats: speedboats and bass boats. The speedboat and bass boat each require 4 direct labor hours for manufacture. Each product is budgeted for 8,000 units of production for the year. Determine (A) the total number of budgeted direct labor hours for the year, (B) the single plantwide factory overhead rate, and (C) the factory overhead allocated per unit for each product using the single plantwide factory overhead rate. When required, round all per unit answers to the nearest cent. Show how you computed your answers. Problem 2 - Multiple Production Department Factory Overhead Rates The total factory overhead for Bardot Marine Company is budgeted for the year at $471,750 divided into two departments: Fabrication, $330,000, and Assembly, $141,750. Bardot Marine manufactures two types of boats: speedboats and bass boats. The speedboats require 2 direct labor hours in Fabrication and 4 direct labor hours in Assembly. The bass boats require 2 direct labor hours in Fabrication and 3 direct labor hours in Assembly. Each product is budgeted for 3,000 units of production for the year. Determine (A) the total number of budgeted direct labor hours for the year in each department, (B) the departmental factory overhead rates for both departments, and (C) the factory overhead allocated per unit for each product using the department factory overhead allocation rates. When required, round all per unit answers to the nearest cent. Show how you computed your answers. Problem 3 - Activity-based costing: factory overhead costs The total factory overhead for Bardot Marine Company is budgeted for the year at $1,369,800, divided into four activities: fabrication, $704,000; assembly, $261,000; setup, $220,800; and inspection, $184,000. Bardot Marine manufactures two types of boats: speedboats and bass boats. The activity-base usage quantities for each product by each activity are as follows: Each product is budgeted for 5,500 units of production for the year. Determine (A) the activity rates for each activity and (B) the activity-based factory overhead per unit for each product. Round to the nearest \$. Show how you computed your answers. To receive credit for this assignment, students have the following options: - Complete the assignment using Microsoft Excel - upload an Excel document. Use formulas to show how you computed your numbers. Problem 1 - Single plantwide factory overhead rate The total factory overhead for Bardot Marine Company is budgeted for the year at $816,000. Bardot Marine manufactures two types of boats: speedboats and bass boats. The speedboat and bass boat each require 4 direct labor hours for manufacture. Each product is budgeted for 8,000 units of production for the year. Determine (A) the total number of budgeted direct labor hours for the year, (B) the single plantwide factory overhead rate, and (C) the factory overhead allocated per unit for each product using the single plantwide factory overhead rate. When required, round all per unit answers to the nearest cent. Show how you computed your answers. Problem 2 - Multiple Production Department Factory Overhead Rates The total factory overhead for Bardot Marine Company is budgeted for the year at $471,750 divided into two departments: Fabrication, $330,000, and Assembly, $141,750. Bardot Marine manufactures two types of boats: speedboats and bass boats. The speedboats require 2 direct labor hours in Fabrication and 4 direct labor hours in Assembly. The bass boats require 2 direct labor hours in Fabrication and 3 direct labor hours in Assembly. Each product is budgeted for 3,000 units of production for the year. Determine (A) the total number of budgeted direct labor hours for the year in each department, (B) the departmental factory overhead rates for both departments, and (C) the factory overhead allocated per unit for each product using the department factory overhead allocation rates. When required, round all per unit answers to the nearest cent. Show how you computed your answers. Problem 3 - Activity-based costing: factory overhead costs The total factory overhead for Bardot Marine Company is budgeted for the year at $1,369,800, divided into four activities: fabrication, $704,000; assembly, $261,000; setup, $220,800; and inspection, $184,000. Bardot Marine manufactures two types of boats: speedboats and bass boats. The activity-base usage quantities for each product by each activity are as follows: Each product is budgeted for 5,500 units of production for the year. Determine (A) the activity rates for each activity and (B) the activity-based factory overhead per unit for each product. Round to the nearest \$. Show how you computed your answers. To receive credit for this assignment, students have the following options: - Complete the assignment using Microsoft Excel - upload an Excel document. Use formulas to show how you computed your numbers