homeworklib The 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 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

Answers

Answer 1

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

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

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

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

To calculate the predetermined manufacturing overhead rate we need to use the following formula:

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

Finally, we can allocate overhead to Blinks:

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

Blinks= 14.55*3= $43.65


Related Questions

A. A plan for mass casualty incidents should include protective actions to reduce vulnerabilities, response actions to minimize negative consequences, and post incident actions to promote community recovery. B. A partnership approach to planning for mass casualty incidents helps to ensure that the plans for your organization are compatible with those of the agencies that would respond if an incident occurred. C. When an organization is planning for mass casualty incidents, an effective approach is to request law enforcement personnel to develop a separate plan for mass casualty incidents for the organization. D. It is important to customize your emergency plan to reflect the risks, realities, and resources that characterize the local area and your own organization.

Answers

Answer: When an organization is planning for mass casualty incidents, an effective approach is to request law enforcement personnel to develop a separate plan for mass casualty incidents for the organization

Explanation:

A Mass Casualty Incident refers to an overwhelming event, which leads to more patients at a time than what the available resources can easily manage such that it requires additional assistance.

A plan for mass casualty incidents should include protective actions that will be used to reduce vulnerabilities, response actions to minimize negative consequences, and post incident actions to promote community recovery.

A partnership approach to planning for mass casualty incidents is important as it helps in ensuring that the plans for your organization are compatible with those of the agencies that would respond if an incident occurred.

It's also vital to customize your emergency plan to reflect the risks, realities, and resources that characterize the local area and your own organization.

The false statement is "When an organization is planning for mass casualty incidents, an effective approach is to request law enforcement personnel to develop a separate plan for mass casualty incidents for the organization". This isn't true.

Accounts receivable, equipment, the building itself, and the land on which the building stands are examples of:

Answers

Answer: Assets

Explanation:

Assets are something that a business owns that is able to bring in money or is a store of value.

All the above mentioned items are considered assets as they fit this description.

Accounts receivable is a current asset which means it has a duration of a period or less.

Equipment, building and land are all fixed assets as they have a duration of more than one period.

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