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zepelin [54]
3 years ago
5

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 Hours Per 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. Ramapo Company uses a single plantwide overhead rate to apply all factory overhead costs. The single plantwide rate, if it is based on machine hours instead of labor hours, is a.$7.43 per machine hour b.$19.50 per machine hour c.$4.00 per machine hour d.$9.00 per machine hour
Business
1 answer:
ehidna [41]3 years ago
4 0

Answer:

a.$7.43 per machine hour

Explanation:

The computation of the single plant wide rate is shown below:

Single plant wide rate = Total overhead cost ÷ Machine hours

where,

Total overhead cost = $84,000 + $72,000 = $156,000

And, the machine hours is

= 1,000 units × 5 + 2,000 units × 8

= 5,000 + 16,000

= 21,000 machine hours

So, the single plant wide rate is

= $156,000 ÷ 21,000 machine hours

= $7.43 per machine hour

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Whirly Corporation’s contribution format income statement for the most recent month is shown below: Total Per Unit Sales (10,000
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See explanation section.

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Requirement 1

New sales volume after increasing 100 units = (10,000 + 100) = 10,100 units. The revised net operating income is calculated as follows

                           Whirly Corporation’s

               Contribution format income statement

               For the year ended December 31 20YY

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Sale price per unit = $35

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New sales volume after decreasing 100 units = (10,000 - 100) = 9,900 units. The revised net operating income is calculated as follows

                            Whirly Corporation’s

               Contribution format income statement

               For the year ended December 31 20YY

Sales Revenue (9,900 × 35) = 346,500

Less: Variable expense (9,900 × 20) = 198,000

Contribution Margin = $148,500

Less: Fixed Expense  $135,000

Net Operating Income $13,500

Requirement 3

From requirement 1 we get

Sale price per unit = $35

Variable expense per unit = $20

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                         Whirly Corporation’s

               Contribution format income statement

               For the year ended December 31 20YY

Sales Revenue (9,000 × 35) = $315,000

Less: Variable expense (9,000 × 20) = $180,000

Contribution Margin = $135,000

Less: Fixed Expense  $135,000

Net Operating Income           $0

If the company sells 9000 units, there will be no loss, no profit.

8 0
3 years ago
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