Answer Happy

Ace Marine manufactures two types of boats: speedboats and bass boals The total factory overhead for Ace Marine Company is budgeted for the year at $600,000, divided into four activities: Fabrication $240,000 Assembly 105,000 Setup 144,000 Inspection 90,000 The activity-base usage quantities for each product by each activity are as follows: Fabrication Assembly Setup Inspection Speed boats 1,000 dih 2.000 dih 100 setups 1,100 Inspections 300 1.000 400 Bass Beats 2.000 3,000 3,000 400 1,500 250 Budgeted number of speedboats to be produced during the year What is the activity rate for each of the following activities? $ a. Fabrication per direct labor hour b. Assembly per direct labor hour c. Setup per setup d. Inspection per inspection e. What is the the activity-based factory overhead per unit for the speedbo 1. Journalize the entry to apply the factory overhead for the speedboats to production Debit Credit Date Account