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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:

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Yellow Enterprises reported the following ($ in 000s) as of December 31, 2018. All accounts have normal balances. Deficit (debit
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Answer:

The shareholders equity as of 31 December, 2018 is $32,240

Explanation:

Here for calculating the shareholders equity we will first have to find the total paid in capital of the Yellow enterprises and after that we will subtract the deficit balance that is remained in the retained earnings account, by doing this we will get the total paid in capital and retained earnings. Now we just have to subtract the treasury stock from the total paid in capital and retained earnings to get the remaining balance , which would be the shareholders equity of the Yellow enterprises.

so first step would be taking out total paid in capital =

                         common stock

                                   +

                         paid in capital(excess of par)

                                   +

                        paid in capital treasury stock

=       2700 + 31,500 + 1300

Total paid in capital = $35,500

Next step is to subtract deficit balance in retained earnings from this to get the total paid in capital and retained earnings =

   total paid in capital - deficit balance in retained earnings

Total paid in capital and retained earnings = $35,500 - $3000

                                                                        = $32,500

Now the last step for taking out shareholders equity we will subtract the treasury stock from the total paid in capital and retained earnings,

Shareholders equity = total paid in capital and retained earnings

                                                          -

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                                    = $32,240

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Fiesta28 [93]

Answer:

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The formula to compute accrued net income is shown below:

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