Single plantwide factory overhead rate

The total factory overhead for Cypress Marine Company is budgeted for the year at $$2,376,000.$ Cypress Marine manufactures two types of boats:

speedboats and bass boats. The speedboat and bass boat each require six direct labor hours for manufacture. Each product is budgeted for $11,000$ 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.

direct labor hours

b$.$ Determine the single plantwide factory overhead rate.

$

per dlh

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

Speedboats $

per unit

Bass boats $

per unit