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Activity-Based Costing Maritime Marine Company has total estimated factory overhead for the year of $1,025,100, divided...

Activity-Based Costing

Maritime Marine Company has total estimated factory overhead for the year of $1,025,100, divided into four activities: fabrication, $444,000; assembly, $149,100; setup, $162,000; and inspection, $270,000. Maritime manufactures two types of boats: a speedboat and a bass boat. The activity-base usage quantities for each product by each activity are as follows:

   Fabrication    Assembly    Setup    Inspection
Speedboat 900 dlh 1,400 dlh 60 setups 100 inspections
Bass boat 2,100 700 120 350
3,000 dlh 2,100 dlh 180 setups 450 inspections

Each product is budgeted for 200 units of production for the year.

a. Determine the activity rates for each activity.

Fabrication $ per dlh
Assembly $ per dlh
Setup $ per setup
Inspection $ per inspection

b. Determine the factory overhead cost per unit for each product, using activity-based costing. If required, round to the nearest cent.

Speedboat $
Bass boat $
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answers Determination of Each Activity 148 per dlh Fabrication Assembly Setups Inspection 71 per dlh 900 per setups 600 per inspection Determine the Factory overhead cost for Each boat Speed Boat 1733.00 Bass Boat 3392.50Speed boats Bass Boats Budgeted Units 200 200 Activities Total Activity 3000 dlh 2100 dlh 180 setups Cost Fabrication Assembly Setups Inspection 900 dlh 1400 dlh 60 Setups 100 inspections 2100 dlh 700 dlh 120 Setups 350 inspection 450 inspections 444000 149100 162000 270000 Determination of Each Activity Total Activity 3000 dlh 2100 dlh 180 setups 450 inspections Cost Activity rate Fabrication Assembly Setups Inspection 148 per dlh 444000 149100 162000 270000 71 per dlh 900 per setups 600 per inspectionDetermine the Total cost of Each boat Speed Boat Bass Boat Fabrication Assembly Setups Inspection 900 dlh148 1400 dlh*71 60 setups*900 100 inspections *600 133200 210dlh 148 310800 49700 108000 210000 678500 3392.50 99400 700 dlh*71 54000 120 stups*900 60000 350 inspection *600 346600 cost per boat(346600/200) 1733.00 (678500/200)

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