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Determine the factory overhead allocated per unit

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Problem - Single Plantwide Overhead Rate

The total factory overhead for Maritime Marine Company is budgeted for the year at $600,000. Maritime Marine manufactures two types of boats: speedboats and bass boats. The speedboat and bass boat each require 12 direct labor hours for manufacture. Each product is budgeted for 250 units of production for the year.

Determine the total number of budgeted direct labor hours for the year.

Determine the single plantwide factory overhead rate.

Determine the factory overhead allocated per unit for each product using the single plantwide factory overhead rate.

Reference no: EM132690571

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