Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

10 ! Required information (The following information applies to the questions displayed below.) Part 10 of 15 1 points Sweeten Company had no jobs in

image text in transcribed

10 ! Required information (The following information applies to the questions displayed below.) Part 10 of 15 1 points 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): X 03:10:13 Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Molding Fabrication 3,800 2,280 $15,200 $22,800 $ 1.40 $ 2.20 Total 6,080 $38,000 eBook Job P $19,760 $31,920 Job Q $12,160 $11,400 Print Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 2,590 910 3,500 1,220 1,360 2,580 References Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1-9, assume that Sweeten Company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments and Job P included 20 units and Job Q included 30 units. For questions 10-15, assume that the company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. 10. What was the company's plantwide predetermined overhead rate? (Round your answer to 2 decimal places.) Predetermined overhead rate per MH

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Managerial Accounting

Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer

13th Edition

978-0697789938

Students also viewed these Accounting questions