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Problem 1- Single plantwide factory overhead rate The total factory overhead for Bardot...

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Accounting

Problem 1- Single plantwide factory overhead rate
The total factory overhead for Bardot Marine Company is budgeted for the year at $816,000. Bardot Marine manufactures two types of boats: speedboats and bass boats. The speedboat and bass boat each require 4 direct labor hours for manufacture. Each product is budgeted for 8,000 units of production for the year.
Determine (A) the total number of budgeted direct labor hours for the year, (B) the single plantwide factory overhead rate, and (C) the factory overhead allocated per unit for each product using the single plantwide factory overhead rate.
When required, round all per unit answers to the nearest cent. Show how you computed your answers.
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