Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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
image text in transcribed
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

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting concepts and applications

Authors: Albrecht Stice, Stice Swain

11th Edition

978-0538750196, 538745487, 538750197, 978-0538745482

More Books

Students also viewed these Accounting questions

Question

The key elements of the purchasing process.

Answered: 1 week ago