Question : 51. The Ramapo Company produces two products, Blinks and Dinks. They : 1239678

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, direct material dollarsB. 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 525,000 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. $14.76B. $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 175,000 how much overhead would be allocated to the period? A. $675,000B. $129,630C. $236,250D. $175,000

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 285,000? A. $275,000B. $285,000C. $440,000D. $456,000

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 118,000? A. $118,000B. $200,000C. $188,800D. $125,000

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

60. 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 deluxe widget production if the budgeted production for the period is 50,000 units and actual production for the period is 58,000 units? A. $391,500B. $225,000C. $261,000D. $337,500