Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

11. How much manufacturing overhead was applied from the Fabrication Department to Job P and how much was applied to Job Q ? (Do not

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
11. How much manufacturing overhead was applied from the Fabrication Department to Job P and how much was applied to Job Q ? (Do not round intermediate calculations.) 12. If Job P includes 20 units, what is its unit product cost? (Do not round intermediate calculations.) 10. How much manufacturing overhead was applied from the Molding Department to Job P and how much was applied to Job Q? (Do not round intermediate calculations.) Required information [The following information applies to the questions displayed below.] Sweeten Company had no jobs in progress at the beginning of the year and no beginning inventories. It started, completed, and sold only two jobs during the year-Job P and Job Q. The company uses a plantwide predetermined overhead rate based on machine-hours. At the beginning of the year, it estimated that 4,000 machine-hours would be required for the period's estimated level of production. Sweeten also estimated $30,200 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $3.00 per machine-hour. Because Sweeten has two manufacturing departments-Molding and Fabrication-it is considering replacing its plantwide overhead rate with departmental rates that would also be based on machine-hours. The company gathered the following additional information to enable calculating departmental overhead rates: The direct materials cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows: Sweeten Company had no overapplied or underapplied manufacturing overhead costs during the year. Required: For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overheat rate with machine-hours as the allocation base. For questions, 9-15, assume that the company uses predetermined departmental overhead rates with machine-hours as the allocation base in both departments

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

Corporate Accounting Information Systems

Authors: Tony Boczko

1st Edition

0273684876, 978-0273684879

More Books

Students also viewed these Accounting questions

Question

Discuss how an AC is designed and implemented.

Answered: 1 week ago