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URGENT HELP PLEASEEE Activity-Based Costing Maritime Marine Company has total estimated factory overhead for the year of $1,082,500, divided into four activities: fabrication, $464,000; assembly,
URGENT HELP PLEASEEE
Activity-Based Costing Maritime Marine Company has total estimated factory overhead for the year of $1,082,500, divided into four activities: fabrication, $464,000; assembly, $197,600; setup, $173,400; and Inspection, $247,500. Maritime manufactures two types of boats: a speedboat and a bass boat. The activity-base usage quantities for each product by each activity are as follows: Fabrication Inspection Assembly 1,700 dih Speedboat 1,000 dih Setup 50 setups 120 100 inspections 350 Bass boat 2,200 900 3,200 din 2,600 dih 170 setups 450 inspections Each product is budgeted for 200 units of production for the year. a. Determine the activity rates for each activity. Fabrication per dih Assembly per dih Setup per setup Inspection per inspection b. Determine the factory overhead cost per unit for each product, using activity-based costing. If required, round to the nearest cent. Speedboat Bass boat Step by Step Solution
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