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Debora [2.8K]
3 years ago
15

homeworklib The Ramapo Company produces two products, Blinks and Dinks. They are manufactured in two departments, Fabrication an

d Assembly. Data for the products and departments are listed below. Product Number of Units Labor Hours Per Unit Machine Hours Per Unit Blinks 964 3 5 Dinks 1,943 5 8 All of the machine hours take place in the Fabrication department, which has an estimated overhead of $103,800. All of the labor hours take place in the Assembly department, which has an estimated total overhead of $79,600. 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
Business
1 answer:
Norma-Jean [14]3 years ago
8 0

Answer:

Overhead per unit of Blinks= $43.65

Explanation:

Giving the following information:

Product Number of Units Labor Hours Per Unit

Blinks 964 3

Dinks 1,943 5

<u>First, we need to calculate the total estimated overhead and the total number of labor hours:</u>

Total estimated overhead= 103,800 + 79,600= $183,400

Total number of labor hours= (964*3) + (1,943*5)= 12,607

<u>To calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>

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

Predetermined manufacturing overhead rate= 183,400 / 12,607

Predetermined manufacturing overhead rate= $14.55 per direct labor hour

<u>Finally, we can allocate overhead to Blinks:</u>

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

Blinks= 14.55*3= $43.65

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Answer:

Please see answers below

Explanation:

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2. Prepare a statement of stockholder's equity for the year ended, 31, December, 2021

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Details

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3. Prepare a classified balance sheet as at 31, December

Fightin' Blue Hens Corporation, classified balance sheet for the hear ends, December 31, 2021.

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Current liabilities

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Financed by;

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3 years ago
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Answer:

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Following Journal entries will be recorded for this event.

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