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. Number of Direct Labor Hours Machine Hours Per Unit Per Unit Product Units Blinks Links 1,105 2,222 2 All of the machine hours take place in the fabrication department, which has an estimated overhead of $111,500. All of the labor hours take place in the Assembly department, which has an estimated total overhead of $104,000. Ramapo Company uses a single plantwide overhead rate to apply at factory overhead costs based on direct labor hours. The factory overhead allocated per unit of links is O 52678 O $200 02 O $154 & 5776)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question

Please do not give solution in image format thanku 

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
Blinks
Links
Number of Direct Labor Hours
Units
Per Unit
1,105
2,222
2
4
Machine Hours
Per Unit.
5
7
All of the machine hours take place in the Fabrication department, which has an estimated overhead of $111,500. All of the labor hours take place in the Assembly department,
which has an estimated total overhead of $104,000.
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 of Blinks is
O a. 52678
Ob $200.02
O SIRDI
Od 57767
Transcribed Image Text: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 Blinks Links Number of Direct Labor Hours Units Per Unit 1,105 2,222 2 4 Machine Hours Per Unit. 5 7 All of the machine hours take place in the Fabrication department, which has an estimated overhead of $111,500. All of the labor hours take place in the Assembly department, which has an estimated total overhead of $104,000. 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 of Blinks is O a. 52678 Ob $200.02 O SIRDI Od 57767
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Cost allocation
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education