Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

4 Part 4 of 12 4.16 points 003213 Required information [The following information applies to the questions displayed below] Sweeten Company had no jobs

image text in transcribed

4 Part 4 of 12 4.16 points 003213 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 i Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Molding 4,200 $16,000 Fabrication 2,520 $ 25,200 Total 6,720 $ 42,000 $1.40 $2.20 Job P Direct materials: $ Direct labor cost 21,840 $ 35,280 Job O $13,440 $ 12,600 Actual machine-hours used: Molding 2,090 1,340 Fabrication 1,010 1,480 Total 3,900 2,820 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1 to 7, 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 8 to 12, assume that the company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. 4. What was the total manufacturing cost assigned to Job P? (Do not round intermediate calculations.) Totai manufacturing cost

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

Advanced Financial Accounting

Authors: Thomas Beechy, Umashanker Trivedi, Kenneth MacAulay

6th edition

013703038X, 978-0137030385

More Books

Students also viewed these Accounting questions