Question : 50. Blue Ridge Marketing Inc. manufactures two products, A and B. : 1227095

 

 

50. Blue Ridge Marketing Inc. manufactures two products, A and B. Presently, the company uses a single plantwide factory overhead rate for allocating overhead to products. However, management is considering moving to a multiple department rate system for allocating overhead. The following table presents information about estimated overhead and direct labor hours.

 

Overhead

Direct LaborHours (dlh)

Product

 A 

 B 

Painting Dept.

$248,000

10,000 dlh

  16 dlh

    4 dlh

Finishing Dept.

  72,000

10,000    

   4   

   16

   Totals

$320,000

20,000 dlh

  20 dlh

   20 dlh

 

========

==========

======

  ======

 

 

 

 

 

Determine the overhead from both production departments allocated to each unit of Product B if the company uses a multiple department rate system. A. $425.60 per unitB. $115.20 per unitC. $214.40 per unitD. $320.00 per unit

 

51. The Ramapo Company produces two products, Blinks and Dinks. They are manufactured in two departments, Fabrication and Assembly. Data for the products and departments are listed below. 

Product

Number of units

Labor hrsper unit

Machine hours  per unit

Blinks

1,000

4

5

Dinks

2,000

2

8

 

 

 

 

All of the machine hours take place in the Fabrication department, which has an estimated overhead of $84,000. All of the labor hours take place in the Assembly department, which has an estimated total overhead of $72,000. The Ramapo Company uses a single overhead rate to apply all overhead costs based on labor hours. What is the overhead cost per unit for Blinks? A. $78.00B. $19.50C. $37.45D. $56.00

 

52. The Ramapo Company produces two products, Blinks and Dinks. They are manufactured in two departments, Fabrication and Assembly. Data for the products and departments are listed below. 

Product

Number of units

Labor hrsper unit

Machine hours  per unit

Blinks

1,000

4

5

Dinks

2,000

2

8

 

 

 

 

All of the machine hours take place in the Fabrication department, which has an estimated overhead of $84,000. All of the labor hours take place in the Assembly department, which has an estimated total overhead of $72,000. The Ramapo Company uses a single overhead rate to apply all overhead costs based on labor hours. What is the overhead cost per unit for Dinks? A. $77.00B. $39.00C. $19.50D. $59.92

 

53. The Ramapo Company produces two products, Blinks and Dinks. They are manufactured in two departments, Fabrication and Assembly. Data for the products and departments are listed below. 

Product

Number of units

Labor hrsper unit

Machine hours  per unit

Blinks

1,000

4

5

Dinks

2,000

2

8

 

 

 

 

All of the machine hours take place in the Fabrication department, which has an estimated overhead of $84,000. All of the labor hours take place in the Assembly department, which has an estimated total overhead of $72,000. The Ramapo Company uses a single overhead rate to apply all overhead costs.  What would the single plantwide rate be if it was based on machine hours instead of labor hours? A. $9.00 per MHB. $19.50 per MHC. $7.43 per MHD. $4.00 per MH

 

54. Common allocation bases are A. direct labor dollars, direct labor hours, square footageB. direct labor dollars, direct labor hours, machine hoursC. direct labor dollars, direct labor hours, machine dollarsD. machine dollars, direct labor dollars, machine hours

 

55. The Baffin Factory has determined that its budgeted factory overhead budget for the year is $7,750,000.  They plan to produce 1,000,000 units.  Budgeted direct labor hours are 500,000 and budgeted machine hours are 375,000. Using the single plantwide factory overhead rate based on direct labor hours, calculate the factory overhead rate for the year. A. $15.50B. $20.67C. $7.75D. $77.50

 

56. The Cunningham Factory has determined that its budgeted factory overhead budget for the year is $6,750,000 and budgeted direct labor hours are 5,000,000. If the actual direct labors for the period are 180,000 how much overhead would be allocated to the period? A. $375,000B. $133,333C. $243,000D. $180,000

 

57. Blackwelder Factory produces two similar products – small lamps and desk lamps. The total plant overhead budget is $640,000 with 400,000 estimated direct labor hours. It is further estimated that small lamp production will require 275,000 direct labor hours and desk lamp production will need 125,000 direct labor hours. Using the single plantwide factory overhead rate with an allocation base of direct labor hours, how much factory overhead will be allocated to the small lamp production if the actual direct hours for the period is 290,000? A. $200,000B. $320,000C. $440,000D. $464,000

 

58. Blackwelder Factory produces two similar products – small lamps and desk lamps. The total plant overhead budget is $640,000 with 400,000 estimated direct labor hours. It is further estimated that small lamp production will require 275,000 direct labor hours and desk lamp production will need 125,000 direct labor hours. Using the single plantwide factory overhead rate with an allocation base of direct labor hours, how much factory overhead will be allocated to the desk lamp production if the actual direct hours for the period is 121,000? A. $320,000B. $200,000C. $193,600D. $440,000

 

59. Challenger Factory produces two similar products – regular widgets and deluxe widgets. The total plant overhead budget is $675,000 with 300,000 estimated direct labor hours. It is further estimated that deluxe widget production will need 3 direct labor hours for each unit and regular widget production will require 2 direct labor hours for each unit. Using the single plantwide factory overhead rate with an allocation base of direct labor hours, how much factory overhead will be allocated to the regular widget production if budgeted production for the period is 75,000 units and actual production for the period is 72,000 units? A. $168,750B. $324,000C. $162,000D. $337,500

 

 

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more