Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please answer all three for a thumbs up Ramapo Company produces two products, Blinks and Dinks. They are manufactured in two departments, Fabrication and Assembly.
Please answer all three for a thumbs up
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. All of the machine hours take ploce in the Fabrication department, which has an estimated overhead of $94,200, All of the labor hours take place in the Assembl department, which has an estimated total overhead of $94,900. 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 Blinks is - 579.08 b. 512.00 ce 594.91 1. 596,01 Blue Ridge Marketing Inc. manufactures two products, A and B. Presently, the company uses a single plantwide factory overhead rate for allocating overhead to products. However, management is considering moving to a multiple department rate system for allocating overhead. The following table presents information about estimated overhead and direct labor hours. The overhead from both production departments allocated to each unit of Product A if Blue Ridge Marketing Inc. uses the multiple production department factory overhead rate method is 1. 533,62 per unit b. $7.03 per unit c. 3365.91 per unit d. 5512.85 per unit Department A had 4,500 units in Work in Process that were 77\% completed at the beginning of the period at a cost of $7,200. During the period, 38,800 units of direct materials were added at a cost of $89,240, and 41,000 units were completed. At the end of the period, 2,300 units were 20% completed. All materials are added at the beginning of the process. Direct labor was $26,700 and factory overhead was $5,700. The cost of the 2,300 units in process at the end of the period 1 the first-in, first-out method is used to cost inventories was a. 5,456 b. 55,290 c. 56,074 d. 55,6ks Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started