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vovikov84 [41]
3 years ago
6

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 Direct Labor Hours Per Unit Machine Hours Per Unit Blinks 947 1 7 Dinks 1,811 6 7 All of the machine hours take place in the Fabrication department, which has an estimated overhead of $109,400. All of the labor hours take place in the Assembly department, which has an estimated total overhead of $108,000. Ramapo Company uses a single plantwide overhead rate to apply all factory overhead costs based on direct labor hours. The factory overhead allocated per unit of Blinks is
Business
1 answer:
Alla [95]3 years ago
7 0

Answer:

Blinks= $18.4

Dinks= $110.4

Explanation:

Giving the following information:

Blinks:

Units= 947

Direct labor hours per unit= 1

Dinks:

Units= 1,811

Direct labor hours per unit= 6

Fabrication Department= $109,400.

Assembly Department= $108,000.

First, we need to calculate the predetermined overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Total overhead= 109,400 + 108,000= $217,400

Total direct labor hours= (947*1) + (1,811*6)= 11,813

Predetermined manufacturing overhead rate= 217,400/11,813

Predetermined manufacturing overhead rate= $18.40 per direct labor hour.

Now, the unitary allocated overhead per unit:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Blinks= 1*18.4= $18.4

Dinks= 6*18.4= $110.4

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Mesa Designs produces a variety of hardware products, primarily for the do-it-yourself (DIY) market. As part of your job intervi
pav-90 [236]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

Inventory information:

DM:

Beginning = $59

Ending= $ 66

Direct materials purchased 5,260

Work-in-process

Beginning= $87

Ending= $79

Finished goods

Beginning= $998

Ending= $1,024

Other information:

Administrative costs $ 3,200

Depreciation (Factory) 3,330

Depreciation (Machines) 4,730

Direct labor 7,600

Indirect labor (Factory) 1,780

Indirect materials (Factory) 590

Property taxes (Factory) 240

Selling costs 1,180

Sales revenue 35,610

Utilities (Factory) 640

1) We need to calculate the production during the period.

Cost of manufactured period= Beginning work in progress inventory+ direct materials + direct labor + factory overhead - ending work in progress

Beginning work in progress inventory= 87

Direct materials= 59 + 5620 - 66= 5,613

Direct labor= 7,600

Factory overhead=Depreciation (Factory) + Depreciation (Machines) +  Indirect labor (Factory) + Indirect materials (Factory)  + Property taxes (Factory) + Utilities (Factory)= 3,330 + 4730 + 1780 + 590 + 240 + 640= $11,310

Ending work in progress=79

Cost of manufactured period=87+5613+7600+11310-79= $24,531

Cost of goods sold (COGS)= Beginning Inventory+Production during period−Ending Inventory

CGOS= 998 + 24531-1024= $24,505

B)

Revenue= 35610

COGS= 24505 (-)

Gross profit= $11,105

Administrative cost= 3200

Selling costs= 1180

Total period costs= 4380 (-)

EBITDA= 6725

5 0
2 years ago
A new car sells for $25,000. The value of the car decreases by 15% each year. What is the approximate value of the car 5 years a
Rama09 [41]

Depreciation is an accounting method for allocating the cost of a tangible or physical asset over its <u>usable life</u>. Depreciation is a term used to describe<u> how much</u> of an asset's worth has been used.


<h2>Given:</h2>


Initial value of the Car = 25,000

Depreciation of the Car= 15% per annum based on net book value

<h3>The computation:
</h3>

Note: t = Number of years

\text{Net book value} = 25,000 (1 - 0.15)^t

NBV = 25,000 (0.85)^5\\\&#10;&#10;NBV = 25,000 (0.4437)\\\&#10;&#10;NBV = 11,092.50&#10;&#10;&#10;

As a result, the car's approximate value 5 years after purchase is 11,092.50.


For more information about computing sum, refer below:

brainly.com/question/1373966

7 0
2 years ago
Xerox had a monopoly on photocopiers for several years as the technology underlying the photocopier was protected by strong pate
katovenus [111]

Answer:

C. international strategy.

Explanation:

There are several business strategies been used different corporate to survive and grow in various business condition.

International strategy is one of the business strategies that involve the adaptation of foreign policies and selling goods and services at the International market with some local customization to the product. When a firm pursues an international strategy, the head office of the firm retains fairly tight control over marketing and product strategy. Each subsidiary of the company, which is spread all over the world has independent operations with the least interference from the parent company.

In the given case, Xerox had a monopoly on photocopier technologies as they are protected by strong patents, which is their international strategy.

5 0
3 years ago
What is the amount of production overhead allocated to the assembling unit cost pool?
Diano4ka-milaya [45]

$800,000 × 40% = $320,000 is the amount required for the production of overhead allocated to the assembling unit cost pool.

Because the activity rates are computed by dividing the total cost for each activity by its total activity &  per unit cost is calculated by dividing the total dollars in each activity cost pool by the number of units of the activity cost drivers. the total cost of each activity pool is divided by the total number of units of the activity to determine the cost per unit.

Cost pool is a grouping of individual costs, typically by department or service center.

Cost per unit the amount of money spent by the company during a period for producing a single unit of the particular product or the services of the company.

Determine means to discover the facts about something.

To know more about the Cost Pool Here

brainly.com/question/14347180

#SPJ4

4 0
1 year ago
Counselors of Savannah purchased equipment on January ​1, 2017​, for $43,000.
GalinKa [24]

Answer:

Book value by December 31,2018=$26,000

gain on the sale by December 31, 2018=$1,200

Explanation:

The expression for the accumulated depreciation is as follows;

depreciable cost=Acquisition cost-residual value

where;

acquisition cost=$43,000

residual value=$500

replacing;

depreciable cost=43,000-500=$42,500

depreciable cost=$42,500

The annual depreciation can be expressed as;

annual depreciation=depreciable cost/estimated life

where;

depreciable cost=$42,500

estimated life=5 years

replacing;

annual depreciation=42,500/5=8,500

annual depreciation=$8,500

Accumulated depreciation after 2 years=annual depreciation×2=(8,500×2)=$17,000

Book value=acquisition cost-accumulated depreciation

where;

acquisition cost=$43,000

accumulated depreciation=$17,000

replacing;

Book value=43,000-17,000=$26,000

net gain/loss=sale-book value

net gain/loss=27,200-26,000

gain on the sale by December 31, 2018=$1,200

3 0
3 years ago
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