Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1-What is the companys predetermined overhead rate? (Round your answer to 2 decimal places.) 2-How much manufacturing overhead was applied to Job P and Job

image text in transcribed

1-What is the companys predetermined overhead rate? (Round your answer to 2 decimal places.)

2-How much manufacturing overhead was applied to Job P and Job Q? (Round your intermediate calculations to 2 decimal places.)

3-What is the direct labor hourly wage rate?

4-If Job P includes 30 units, what is its unit product cost? What is the total amount of manufacturing cost assigned to Job Q as of the end of March (including applied overhead)?

5-Assume the ending raw materials inventory is $2,000 and the company does not use any indirect materials. Prepare the journal entries to record raw materials purchases and the issuance of direct materials for use in production.

could you please solve these separately .. and with detiles for each Q

Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. It started only two jobs during March-Job P and Job Q. Job P was completed and sold by the end of the March and Job Q was incomplete at the end of the March. The company uses a plantwide predetermined overhead rate based on direct labor-hours. 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) S 15,000 Estimated total fixed manufacturing overhead Estimated variable manufacturng overhead per direct labor-hour Estimated total direct labor-hours to be worked Total actual manufacturing overhead costs incurred S 2.00 3,000 S 19,000 Job Q S 9,000 S 7,500 500 Job P Direct materials Direct labor cost Actual direct labor-hours worked S 19,500 S31,500 2,100

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

Continuous Auditing A Complete Guide

Authors: Gerardus Blokdyk

2019th Edition

0655540318, 978-0655540311

More Books

Students also viewed these Accounting questions

Question

explain what is meant by the terms unitarism and pluralism

Answered: 1 week ago