7. Question Content Area Equivalent Units of Materials Cost The Rolling Department of Kraus Steel Company had 2,100 tons

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7.
Question Content Area
Equivalent Units of Materials Cost
The Rolling Department of Kraus Steel Company had 2,100 tons inbeginning work in process inventory (40% complete) on October 1.During October, 35,500 tons were completed. The ending work inprocess inventory on October 31 was 1,800 tons (80% complete).
What are the total equivalent units for direct materials forOctober if materials are added at the beginning of theprocess?fill in the blank 1 units
8.
Question Content Area
Multiple Production Department Factory Overhead Rates
The total factory overhead for Bardot Marine Company is budgetedfor the year at $543,375, divided into two departments:Fabrication, $406,875, and Assembly, $136,500. Bardot Marinemanufactures two types of boats: speedboats and bass boats. Thespeedboats require one direct labor hour in Fabrication and twodirect labor hours in Assembly. The bass boats require four directlabor hours in Fabrication and two direct labor hours in Assembly.Each product is budgeted for 3,500 units of production for theyear.
If required, round all per unit answers to the nearest cent.
a. Determine the total number of budgeteddirect labor hours for the year in each department.
b. Determine the departmental factoryoverhead rates for both departments.
c. Determine the factory overheadallocated per unit for each product using the department factoryoverhead allocation rates.