Single Plantwide Factory Overhead Rate

The total factory overhead for Bardot Marine Company is budgeted for the year at $1,282,500. Bardot Marine manufactures two types of boats: speedboats and bass boats. The speedboat and bass boat each require three direct labor hours for manufacture. Each product is budgeted for 9,500 units of production for the year.

When required, round all per unit answers to the nearest cent.

a. Determine the total number of budgeted direct labor hours for the year.

b. Determine the single plantwide factory overhead rate.

c. Determine the factory overhead allocated per unit for each product using the single plantwide factory overhead rate.

Speedboat
Bass boat