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What is the factory overhead rate for each department

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Question - The total factory overhead for Andrews Company is budgeted at $500,000 for the year, divided between Fabrication, $400,000 and Assembly, $100,000. Andrew manufactures two products: a computer table and a computer chair. Each table requires 4 direct labor hours in fabrication and 2 direct labor hours in assembly while each chair require 2 direct labor hours in fabrications and 1 direct labor hour in assembly. Production for the year is budgeted for 10,000 units of each product.

1. What is the total budgeted direct labor hours for the year in each department?

2. What is the factory overhead rate for each department?

3. What is the factory overhead allocated for each product using the departmental factory overhead rate?

Reference no: EM133056915

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