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 two types of boats: speedboats and bass boats. The speedboats require 8 direct labor hours in Fabrication and 4 direct labor hours in Assembly. The bass boats require 4 direct labor hours in Fabrication and 8 direct labor hours in Assembly. Each product is budgeted for 250 units of production for the year. If required, round all per unit answers to the nearest cent. a.  Determine the total number of budgeted direct labor hours for the year in each department. Fabrication _______direct labor hours Assembly _______direct labor hours b.  Determine the departmental factory overhead rates for both departments. Fabrication Department rate $______per dlh Assembly Department rate $______per dlh c.  Determine the factory overhead allocated per unit for each product using the department factory overhead allocation rates. Total factory overhead $_____ per speedboat Total factory overhead $_____ per bass boat

Q: The planning budget for March was based on producing and selling 30,000 units. However, during March…

A: Raw Material Cost = Number of Units x Cost per Unit

Q: The total factory overhead for Big Light Company is budgeted for the year at $807,500. Big Light…

A: Solution a: Total nos of budgeted direct labor hours = (60000*0.50) + (80000*2) = 30000 + 160000…

Q: Tannin Products Inc. prepared the following factory overhead cost budget for the Trim Department for…

A: Variance refers to deviation between planned expenditure with actual expenditure. Deviation in…

Q: Celestial Artistry Company is developing departmental overhead rates based on direct-labor hours for…

A: Distribution of overhead:   The indirect expenses which are related to production, administration…

Q: Botosan Factory has budgeted factory overhead for the year at $666,573, and budgeted direct labor…

A: Overhead allocation refers to the distribution of the indirect costs for the produced goods and in…

Q: The total factory overhead for Bardot Marine Company is budgeted for the year at $907,550, divided…

A: ACTIVITY RATES : FORMULA : Overhead Cost / Activity Base Usage Quantities ACTIVITY WORKING…

Q: The total factory overhead for Big Light Company is budgeted for the year at $1,100,440. Big Light…

A: Factory overhead rate = Budgeted Overhead Cost / Budgeted total units in the allocation base

Q: Tannin Products Inc. prepared the following factory overhead cost budget for the Trim Department for…

A: Variable cost: It is the cost that changes with the change in level of output. e.g., Direct…

Q: Wade Company expects to produce 5,500 units of product IOA during the current year. Budgeted…

A:

Q: The planning budget for March was based on producing and selling 20,000 units. However, during March…

A: Dirrct labour rate variance ( For march ) Standard labour cost for actual output - Actual Labour…

Q: The Botosan Factory has determined that its budgeted factory overhead budget for the year is…

A: Manufacturing overhead costs: The expenses that are not directly related to the manufacturing…

Q: Beach Corporation, which produces a single product, budgeted the following costs for its first year…

A: Under Variable Costing, variable cost like direct material, direct labor and variable manufacturing…

Q: Skelton Corporation had planned to produce 50,000 units of product during the first quarter of the…

A: Budgets are the forecast of the expenses to be incurred and the incomes to be gain. Flexible budgets…

Q: Roget Factory has budgeted factory overhead for the year at $6,144,600. It plans to produce…

A: Factory overhead rate = Budgeted Factory overhead cost / Budgeted Direct labor hours

Q: Cooper Corporation produces decorator wall coverings. Budgeted production is 240,000 square feet per…

A: Applied Manufacturing Overhead=Budgeted variable overhead×Actual labor hoursBudgeted labor…

Q: Kent Corporation developed the following budgeted costs for the current year: Direct materials…

A: Direct materials: It is the basic input required to manufacture the finished products. The…

Q: The total factory overhead for Big Light Company is budgeted for the year at $1,663,130. Big Light…

A: Total factory overhead cost = $1,663,130 Total factory overhead cost will be applied to the Night…

Q: Newark Plastics Corporation developed its overhead application rate from the annual budget. The…

A: The question is based on the concept of Cost Accounting. As per the Bartleby guidelines we are…

Q: The total factory overhead for Diva-nation Inc. is budgeted for the year at $180,000. Divanation…

A:

Q: Yandell Company expects to produce 2,010 units in January that will require 4,020 hours of direct…

A: Yandell Company expects to produce = 2,010 Units in January that will require = 4,020 hours of…

Q: The budgeted conversion costs for a just-in-time cell are $202,400 for 4,000 production hours. Each…

A: Raw material means the material purchased and still not enter in to the production lines. Work in…

Q: Evanson Company expects to produce 508,000 units of their product during the year. Monthly…

A: Flexible Budget: A flexible budget is a budget that is prepared for different levels of the output.…

Q: Big Light Company's entire factory overhead for the year is planned at $807,500. Big Light makes two…

A: Introduction: Factory overhead refers to the expenditures incurred throughout the manufacturing…

Q: Sharp Motor Company has two operating divisions-an Auto Division and a Truck Division. The company…

A: Cost Charged :- Cost include all type of variable Cost ( DM, DL, Variable manufacturing Cost,…

Q: Tannin Products Inc. prepared the following factory overhead cost budget for the Trim Department for…

A: Variances refer to the difference between the actuals and standard parameters relating to…

Q: The total factory overhead for Bardot Marine Company is budgeted for the year at $930,000, divided…

A: Departmental factory overhead rate = Budgeted factory overhead

Q: Vintech Company is planning to produce 1,700 units of product in 2011. Each unit requires 5 pounds…

A: Given the following information: Planned production: 1,700 units Materials required: 5 pound for…

Q: The total factory overhead for Big Light Company is budgeted for the year at $1,022,250. Big Light…

A: Solution Factory overhead is the total cost involved in operating all production facilities of a…

Q: The total factory overhead for Bardot Marine Company is budgeted for the year at $937,950, divided…

A: The following calculations are shown to evaluate the activity-based rates of Bardot Marine Company.

Q: 10,000 units of Product A and 20,000 units of Product B in the coming year.  Budgeted factory…

A: Overhead rate = Budgeted factory overhead / Expected machine hours Finishing department =…

Q: Metal Company budgeted $568,000 manufacturing direct wages, 3,000 direct labor hours, and had the…

A: Formula: Overhead rate per hour = Overhead Cost  / Budgeted overhead cost

Q: Camper's Edge Factory produces two products: canopies and tents. The total factory overhead is…

A: Departmental factory overhead rate = Factory overhead costs / No. of direct labor hours

Q: The total factory overhead for Bardot Marine Company is budgeted for the year at $2,932,500. Bardot…

A: Overhead means the cost incurred indirect in factory for the production of goods. Manufacturing…

Q: The total factory overhead for Bardot Marine Company is budgeted for the year at $1,518,000. Bardot…

A: Factory Overhead Rate Per Hour = Factory Overhead / Direct Labor Hours Factory Overhead Rate Per…

Q: Franklin manufactures pipes and applies manufacturing overhead costs to production at a budgeted…

A: Manufacturing overhead is allocated based on the predetermined rate which is calculated by dividing…

Q: Tannin Products Inc. prepared the following factory overhead cost budget for the Trim Department for…

A: Favorable variance means the actual expenditure are lower than the budgeted expenditure.

Q: Tannin Products Inc. prepared the following factory overhead cost budget for the Trim Department for…

A:

Q: Topeka Plastics Inc. prepared the following factory overhead cost budget for the Trim Department for…

A: SOLUTION- FACTORY OVERHEAD COST- IT IS THE COST INCURRED DURING THE MANUFACTURING PROCESS , NOT…

Q: The master budget of Knope Inc. shows that the planned activity level for next year is expected to…

A: Overhead rate is the rate which is calculated by dividing total manufacturing overheads by total…

Q: Tiger Equipment Inc., a manufacturer of construction equipment, prepared the following factory…

A: Factory overhead variance is the difference between the variable factory overhead controllable…

Q: Wade Company expects to produce 6,000 units of product IOA during the current year. Budgeted…

A: Introduction: A static budget is something that does not change as activity levels change. As a…

Q: The total factory overhead for Big Light Company is budgeted for the year at $807,500. Big Light…

A: Total Direct Labour Hours= Labour hour of night light+ Labour hour of desk lamps Labour hours of…

Q: The planning budget for March was based on producing and selling 20,000 units. However, during March…

A: The materials quantity variance by multiplying the standard cost by the difference between the…

Q: Kent Corporation developed the following budgeted costs for the current year: Direct materials…

A: Pre-determined overhead allocates rate: It is the rate of allocating the expected overheads to the…

Q: Roget Factory has budgeted factory overhead for the year at $6,650,400. It plans to produce…

A: Factory overhead rate = Budgeted Overhead cost / Budgeted Direct labor hours

Q: The total factory overhead for Bardot Marine Company is budgeted for the year at $1,290,000, divided…

A:

Q: Cycling Corporation identified the following budgeted data for this year. The company produces two…

A: Predetermined overhead rate: Predetermined overhead rate is calculated before the period begins.…

Q: Tannin Products Inc. prepared the following factory overhead cost budget for the Trim Department for…

A:

Q: Buckingham Star Company Ltd has a single production process for which the following have been…

A: The question is related to Traditional Absorption Costing and Activity Based Costing. The details of…

Q: Ribo Company’s budgeted total variable overhead is at P180,000 for the current period.  In addition,…

A: SOLUTION-   OVERHEAD RATE =  TOTAL VARIABLE OVERHEADS +FACTORY RENT +DEPRECIATION ON FACTORY…

Overheads

In cost accounting, overhead refers to those expenses which occur during the operating of a business. Overhead includes the fixed, variable, or semi-variable which is not directly involved with a company product or service. It is very important to analyze overhead expense as it helps the company in determining how much a company must charge for its products and services so that they can generate profit.  Overhead expenses depend upon the nature of the business operations.