The total factory overhead for Bardot Marine Company is budgeted for the year at $1,166,850, divided...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The total factory overhead for Bardot Marine Company is budgeted for the year at $1,166,850, divided into four activities: fabrication, $594,000; assembly, $261,000; setup, $170,100; and inspection, $141,750. 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: Fabrication Setup Inspection Assembly 21,750 dlh Speedboat 6,750 dlh 49 setups 84 Inspections Bass boat 20,250 7,250 356 591 27,000 dih 29,000 dih 405 setups 675 Inspections Each product is budgeted for 7,000 units of production for the year. a. Determine the activity rates for each activity. Fabrication 5 per direct labor hour $ per direct lalor hour Assembly Setup 1 per setup Inspection per inspection b. Determine the activity-based factory overhead per unit for each product. Round to the nearest whole dollar. Speedboat S per unit Bass boat S per unit The total factory overhead for Bardot Marine Company is budgeted for the year at $1,166,850, divided into four activities: fabrication, $594,000; assembly, $261,000; setup, $170,100; and inspection, $141,750. 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: Fabrication Setup Inspection Assembly 21,750 dlh Speedboat 6,750 dlh 49 setups 84 Inspections Bass boat 20,250 7,250 356 591 27,000 dih 29,000 dih 405 setups 675 Inspections Each product is budgeted for 7,000 units of production for the year. a. Determine the activity rates for each activity. Fabrication 5 per direct labor hour $ per direct lalor hour Assembly Setup 1 per setup Inspection per inspection b. Determine the activity-based factory overhead per unit for each product. Round to the nearest whole dollar. Speedboat S per unit Bass boat S per unit
Expert Answer:
Answer rating: 100% (QA)
Requirement a Activity rate Fabrication 22 per direct labor hour Assembly 9 per dir... View the full answer
Related Book For
Financial and Managerial Accounting
ISBN: 978-1285078571
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
Posted Date:
Students also viewed these accounting questions
-
The total factory overhead for Bardot Marine Company is budgeted for the year at $ 600,000. Bardot Marine manufactures two types of boats: speedboats and bass boats. The speedboat and bass boat each...
-
The total factory overhead for Bardot Marine Company is budgeted for the year at $ 600,000 divided into two departments: Fabrication, $ 420,000, and Assembly, $ 180,000. Bardot Marine manufactures...
-
The total factory overhead for Bardot Marine Company is budgeted for the year at $ 600,000, divided into four activities: fabrication, $ 204,000; assembly, $ 105,000; setup, $ 156,000; and...
-
Operating Rules. Indicate whether the following statements are true or false. If the statement is false, explain why. a. Since most corporations make distributions only when they are profitable and...
-
On January 1, 2014, NorthLake Office Services issues a 10-year, $1,000,000 note at LIBOR plus 1%, with interest paid annually. The variable rate is reset at the end of each year. The LIBOR rate for...
-
Formulate homework Problem 35 in Chapter 1 as a linear programming model and solve using the computer.
-
Refer to the data given for the Forrester Company in Problem P12-1B. Required a. Compute the change in cash that occurred during 2019. b. Prepare a statement of cash flows using the direct method. c....
-
Georgia Woods, Inc., manufactures furniture to customers specifications and uses job order costing. A predetermined overhead rate is used in applying manufacturing overhead to individual jobs. In...
-
The formula to calculate a z - score is z = ( x - ) / \ sigma The formula to calculate x from a z - score is x = + z \ sigma On a Quiz, scores were normally distributed, with a mean of 8 3 and a...
-
1. Describe the leadership style of David Norris? Include in your explanation the nature of the relationship he had with Lindsay Farrow. 2. Do you consider the decisions made by Norris dysfunctional...
-
Were Tony Hsieh (Zappos CEO) and Howard Schultz (Starbucks CEO) outlers (off the rails) in their transformational ideas? Or were they ahead of their times, and they point the direction that most...
-
In the context of ecosystem services, how does biodiversity contribute to the resilience and stability of ecosystems, particularly in response to anthropogenic stressors like climate change and...
-
Write, compile, and test the MovieQuote Info class so that it displays your favorite movie quote, the movie it comes from, the character who said it, and the year of the movie. An example of the...
-
Biscayne Corp had a credit balance of $540,000 in its allowance for uncollectible accounts as of January 1, 2023. Based on experience, 3% of Biscayne Corp's gross accounts receivable have been...
-
Problem 2. Hair salon versioning. A local hair salon in New Haven is re-designing its business plan. The owner has discovered that they can make more money by offering two packages: "Deluxe" and...
-
Describe the role of neurotransmitters in synaptic transmission. How do alterations in neurotransmitter levels contribute to neurological disorders such as depression and schizophrenia ?
-
I am making a Memory Card matching game in java. Currently I have code that will output a 4x4 display of an two-dimensional array that has 2 sets of the same cards (Ace-8). I can click on a card and...
-
Write each fraction as a percent. 7 50
-
Prior to its closing, Income Summary had total debits of $1,190,500 and total credits of $1,476,300. Briefly explain the purpose served by the income summary account and the nature of the entries...
-
Of two corporations organized at approximately the same time and engaged in competing businesses, one issued $80 par common stock, and the other issued $1 par common stock. Do the par designations...
-
Equipment was acquired at the beginning of the year at a cost of $600,000. The equipment was depreciated using the double-declining-balance method based on an estimated useful life of 16 years and an...
-
Think of the last position you had or the current job you are in. What type of organizational structure was in place? Was it working for the organization? Did you feel comfortable within the...
-
Professional practice models allow for autonomous nursing practice. This concept is based on the relationship between the worker and the workplace. An example of a professional practice model is: A....
-
Determine what your personal values are, and compare them with those of a local health-care setting. Do you see a fit with your values and those of the organization?
Study smarter with the SolutionInn App