Blue Ridge Marketing Inc. manufactures two products, A and B. Presently, the company uses a single plantwide factory ofollowing table presents information about estimated overhead and direct labor hours.Overhead$258,30065,600$323,900DirectLabor Hours (dih)8Painting Dept.8 dihFinishing Dept.7Totals15 dihUsing a single plantwide rate, the factory overhead allocated per unit of Product B isOa. $107.63Ob. $240.45Oc. $144.27Od. $16.039,600 dihProduct10,60020,200 dihAS9 dih

Manufacturing overhead is the costs incurred in a factory which are neither direct materials nor…

Blue Ridge Marketing Inc. manufactures two products, A and B. Presently, the company uses a single plantwide factory following table presents information about estimated overhead and direct labor hours. Product Overhead Painting Dept. Finishing Dept. Direct Labor Hours (dih) $258,300 65,600 Totals $323,900 Using a single plantwide rate, the factory overhead allocated per unit of Product B is Oa. $107.63 Ob. 124045 Oc. $144.27 Od. $16.03 9,600 dih A 10,600 20,200 di 8 8 dih S 7 9 dih 15 dh

Blue Ridge Marketing Inc. manufactures two products, A and B. Presently, the company uses a single plantwide factory following table presents information about estimated overhead and direct labor hours. Product Overhead Painting Dept. Finishing Dept. Direct Labor Hours (dih) $258,300 65,600 Totals $323,900 Using a single plantwide rate, the factory overhead allocated per unit of Product B is Oa. $107.63 Ob. 124045 Oc. $144.27 Od. $16.03 9,600 dih A 10,600 20,200 di 8 8 dih S 7 9 dih 15 dh

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Requlred Information Greenwood Company manufactures two products-13,000 units of Product Y and 5,000 units of Product Z. The company uses a plantwide overhead rate based on direct labor-hours. It is considering implementing an activity-based costing (ABC) system that allocates all of its manufacturing overhead to four cost pools. The following additional information is available for the company as a whole and for Products Y and Z Estimated Overhead Cost $ 242,400 $114,400 86,000 $ 302,400 Expected Activity Cost Pool Machining Machine setups Production design General factory Activity Measure Machine-hours Number of setups Number of products Direct labor-hours 12,000 MHs 220 setups 2 products 12,000 DLHS Activity Measure Machining, Number of setups Number of products Direct labor-hours Product Y 8,200 40 1. 8,200 Product Z 3,800 180 1. 3,800 Required: 1. What is the company's plantwide overhead rate? (Round your enswer to 2 declmal places.) Predetermined overhead rate, per DLH of 15 甜…
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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. Overhead Direct LaborHours (dlh) Product A B Painting Dept. $248,000 10,000 dlh 16 dlh 4 dlh Finishing Dept. 72,000 10,000 4 16 Totals $320,000 20,000 dlh 20 dlh 20 dlh Using a single plantwide rate, determine the overhead rate per unit for Blue Ridge Marketing Inc.'s Product B.
Subject :- Accounting
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