Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. what were the company's Predetermined OH rate in the Molding and fabrication department? 2. how much MOH was applied from the Molding Department to

image text in transcribed

1. what were the company's Predetermined OH rate in the Molding and fabrication department?

2. how much MOH was applied from the Molding Department to job P and how much was applied to job Q?

3. How much MOH was applied from the fabrication department to Job P and how much was applied to Job Q?

4. What was the total MOH cost assigned to Job P?

5. If Job P included 20 units, what was its unit product cost?

6. What was the total manufacturing cost assigned to Job Q?

7. If Job Q included 30 units, what was its unit product cost?

8. Assume that Sweeten Company used cost-plus pricing (and a markup percentage 80% of total of total manufacturing cost) to establish selling prices for all of its jobs. what selling price would the company have established for Jobs P and Q? What are the selling prices for both jobs when stated on a per unit basis?

9. What was Sweeten Company's COGS for March?

10. What was the Company's Plantwide POH rate?

11. How much MOH was applied to Job P and how much was applied to job Q?

12. If Job P included 20 units, what was its unit product cost?

13. If Job Q included 30 units, what was its unit product cost?

14. Assume that Sweeten Company used cost-plus pricing ( and a markup percentage of 80% of total Manufacturing cost) to establish selling prices for all of its jobs. What selling price would the company have established for Jobs P and Q? What are the selling rpices for both jobs when stated on a per unit basis?

15. What was Sweeten Company's COGS for March?

Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate comp Required information [The following information applies to the questions displayed below.] Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. The company has two manufacturing departments-Molding and Fabrication. It started, completed, and sold only two jobs during March- Job P and Job Q. The following additional information is available for the company as a whole and for Jobs P and Q (all data and questions relate to the month of March): Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Molding Fabrication 2,500 1,500 $10,250 $15, 150 $ 1.50 $ 2.30 Total 4,000 $25,400 Job P $14,000 $21,800 Job Q $8,500 $7,900 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 1,800 700 2,500 900 1,000 1,900 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Prev 1 2 3 15 of 17 FER Next >

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Employers Guide To Surviving Payroll And Human Resources Audits 2019

Authors: Paul E Love

1st Edition

1073422771, 978-1073422777

More Books

Students also viewed these Accounting questions

Question

My opinions/suggestions are valued.

Answered: 1 week ago