Determine the overhead from both production departments

Assignment Help Accounting Basics
Reference no: EM13482768

1 - 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

======== ========== ======   ======




Determine the overhead from both production departments allocated to each unit of Product A if the company uses a multiple department rate system.

A - $396.80 per unit

B - $425.60 per unit

C - $320.00 per unit

D - $214.40 per unit

Reference no: EM13482768

Questions Cloud

Mailcom a leading provider of internet messaging : in this make or buy problem you should compute the total cost of making a particular part and the total costs of buying
Gilman company purchased 100000 of the 250000 shares of : gilman company purchased 100000 of the 250000 shares of common stock of burke corporation on january 1 2009 at 40 per
Rhinos landscaping sells a quality brand of hoes shovels : rhinos landscaping sells a quality brand of hoes shovels and rakes in a sales mix of 242 25 50 25.nbspnbspthe companys
Current dividends have been paid no preferred stock issued : roseau company is preparing its annual earnings per share amounts to be disclosed on its 2013 income statement. it has
Determine the overhead from both production departments : 1 - blue ridge marketing inc. manufactures two products a and b. presently the company uses a single plantwide factory
1 a portfolio manager in charge of a portfolio worth 10 : 1. a portfolio manager in charge of a portfolio worth 10 million is concerned that the market might decline rapidly
A portfolio contains 10000 shares of ibm stock the : a portfolio contains 10000 shares of ibm stock the portfolio manager writes ten ibm call contracts.one contract is
What is the payback period for this project if the cash : you are considering a project with an initial cost of 7500. what is the payback period for this project if the cash
In mid- march 2007 the us dollar equivalent of a euro was : in mid- march 2007 the u.s. dollar equivalent of a euro was 1.3310. in mid- july 2009 the u.s. dollar equivalent of a

Reviews

Write a Review

Accounting Basics Questions & Answers

  Business environment and concepts

Universal Company has made changes in its inventory handling policies that are expected to increase turnover from 7 to 8 times per year.

  Financial acceptable investment

How large would the annual net cash inflows from the intangible benefits have to be to make this a financially acceptable investment?

  Determining current annual net income

What might a manager do during the last quarter of a fiscal year if she wanted to improve current annual net income?

  Data analysis and trends

This is the data table about my city that I live in 1990 and 2000 and difference 1990 2000 Difference-What information from this table do you find to be most interesting? Give 2 to 4 sentences of explanation.

  Bank reconciliation-journal entries-reporting cash

The bookkeeper at Tony Company has asked you to prepare a bank reconciliation as of February 28, 2006. The February 28, 2006, bank statement and the February T-account for cash showed the following (summarized):

  Applying the book value method

The total unamortized bond discount at the date of conversion was $1,000,000. In applying the book value method, what amount should Morgan credit to the account "paid-in capital in excess of par," as a result of this conversion?

  Recording federal income tax transactions and cash

On December 31, 2012, the accountant had estimated the total tax for 2012 to be $123,600 and had recorded a liability of $3,600 for federal income tax payable.

  Berger paid for optional accident insurance for transport

berger company purchased equipment having an invoice price of 22500. the terms of sale were 310 n60 and berger paid

  Beginning and ending balance sheets for book purposes

What are it's beginning and ending balance sheets for book purposes (as would go on Schedule L, Form 1065?)

  On december 31 2014 santana company has 7194600 of

on december 31 2014 santana company has 7194600 of short-term debt in the form of notes payable to golden state bank

  Total cash dividendsof 8000 were declared and paid

at the end of 1999 the total assets of dole corp were90000 and total liabilities were 50000. the company hasbeen in

  Types of gaap accounting methods

Fund accounting is very different from commercial accounting, but has a lot of similarities as well. Discuss the similarities and differences between these two types of GAAP accounting methods.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd