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. Direct Product Overhead Labor Hours (dlh) A Painting Dept. $258,100 10,500 dlh 3 dlh 12 dlh Finishing Dept. 88,100 10,400 5 7 Totals $346,200 20,900 dlh 8 dlh 19 dlh Using a single plantwide rate, the factory overhead allocated per unit of Product B is Oa. $73.74 Ob. $314.64 Oc. $16.56 Od, $132.48

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. Direct Product Overhead Labor Hours (dlh) A Painting Dept. $258,100 10,500 dlh 3 dlh 12 dlh Finishing Dept. 88,100 10,400 5 7 Totals $346,200 20,900 dlh 8 dlh 19 dlh Using a single plantwide rate, the factory overhead allocated per unit of Product B is Oa. $73.74 Ob. $314.64 Oc. $16.56 Od, $132.48

Name: Blue Ridge Marketing Inc. manufactures two products, A and B. Present
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Description: Blue Ridge Marketing Inc. manufactures two products, A and B. Presently, the company uses a single plantwide factory overhead rate for allocatingoverhead to products. However, management is considering moving to a multiple department rate system for

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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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 DirectLabor Hours (dlh) Product A B Painting Dept. $374,640 11,200 dlh 16 dlh 2 dlh Finishing Dept. 100,440 8,100 7 17 Totals $475,080 19,300 dlh 23 dlh 19 dlh 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 a.$622.00 per unit b.$33.45 per unit c.$277.70 per unit d.$12.40 per unit
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