Activity-based costing:factory overhead costsThe total factory overhead for Cypress Marine Company is budgeted for the year at $810,150, divided into four activities: fabrication, $378,000, assembly, $150,000, setup,$153,900, and inspection, $128,250. Cypress Marine manufactures two types of boats: speedboats and bass boats. The activity-base usage quantities for each product byeach activity are as follows:SpeedboatBass boatFabricationAssemblySetupFabricationInspectionSpeedboats $Bass Boats $Each product is budgeted for 3,500 units of production for the year.a. Determine the activity rates for each activity.✓ per dlh✓ per dlh✔per setup$6,750 dlh$20,25027,000 dlh146380Assembly18,750 dlh6,25025,000 dlh190Setup49 setups356per inspectionb. Determine the activity-based factory overhead per unit for each product. Round all per unit answers to the nearest dollar.405 setups67 X per unit150 X per unitInspection84 inspections591675 inspections

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Description: Activity-based costing:factory overhead costsThe total factory overhead for Cypress Marine Company is budgeted for the year at $810,150, divided into four activities: fabrication, $378,000, assembly, $150,000, setup,$153,900, and inspection, $128,25

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Activity-based costing:factory overhead costs The total factory overhead for Cypress Marine Company is budgeted for the year at $810,150, divided into four activities: fabrication, $378,000, assembly, $150,000, setup, $153,900, and inspection, $128,250. 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: Assembly 18,750 dlh 6,250 25,000 dlh 20,250 27,000 dlh Each product is budgeted for 3,500 units of production for the year. a. Determine the activity rates for each activity. 14 ✔ per dih 6 per dih Speedboat Bass boat Fabrication Assembly Setup Inspection Fabrication Speedboats $ Bass Boats $ $ 6,750 dlh $ 380 per setup 190✔per inspection b. Determine the activity-based factory overhead per unit for each product. Round all per unit answers to the nearest dollar. Setup 49 setups 356 405 setups 67 X per unit 150 X per unit Inspection 84 inspections 591 675 inspections

Activity-based costing:factory overhead costs The total factory overhead for Cypress Marine Company is budgeted for the year at $810,150, divided into four activities: fabrication, $378,000, assembly, $150,000, setup, $153,900, and inspection, $128,250. 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: Assembly 18,750 dlh 6,250 25,000 dlh 20,250 27,000 dlh Each product is budgeted for 3,500 units of production for the year. a. Determine the activity rates for each activity. 14 ✔ per dih 6 per dih Speedboat Bass boat Fabrication Assembly Setup Inspection Fabrication Speedboats $ Bass Boats $ $ 6,750 dlh $ 380 per setup 190✔per inspection b. Determine the activity-based factory overhead per unit for each product. Round all per unit answers to the nearest dollar. Setup 49 setups 356 405 setups 67 X per unit 150 X per unit Inspection 84 inspections 591 675 inspections

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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