Activity-based costing:factory overhead costs

The total factory overhead for Cypress Marine Company is budgeted for the year at $1,005,750, divided into four activities: fabrication, $525,000, assembly, $192,000, setup, $157,500, and inspection, $131,250. Cypress Marine manufactures two types of boats: speedboats and bass boats. The activity-base usage quantities for each product by each activity are as follows:

Item	Fabrication	Assembly	Setup	Inspection
Speedboat	6,250 dlh	18,000 dlh	45 setups	78 inspections
Bass boat	18,750	6,000	330	547
Total	25,000 dlh	24,000 dlh	375 setups	625 inspections

Each product is budgeted for 2,500 units of production for the year.

a. Determine the activity rates for each activity.

Activities	Amount
Fabrication	fill in the blank 1 of 4$ per dlh
Assembly	fill in the blank 2 of 4$ per dlh
Setup	fill in the blank 3 of 4$ per setup
Inspection	fill in the blank 4 of 4$ per inspection

b. Determine the activity-based factory overhead per unit for each product. Round all per unit answers to the nearest dollar. Speedboats fill in the blank 1 of 2$ per unit