4-a. If Job P includes 30 units, what is its unit product cost? Unit product cost 4-b. What is the total amount of manufacturing cost assigned to Job Q as of the end of March (including applied overhead)? Total manufacturing cost 5. Assume the ending raw materials inventory is $2,800 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. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet Record the purchases of raw materials on account. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal 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. 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): Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per direct labor-hour Estimated total direct labor-hours to be worked Total actual manufacturing overhead costs incurred $ 15,200 $ 1.70 3,800 $ 22,000 Direct materials Direct labor cost Actual direct labor-hours worked Job P Job Q $ 15,500 $ 9,800 $ 49,300 $ 13,600 2,900 800 Required: 1. What is the company's predetermined overhead rate? (Round your answer to 2 decimal places.) Predetermined overhead rate per DLH 2. How much manufacturing overhead was applied to Job P and Job Q? (Round your intermediate calculations to 2 decimal places.) Job P Job Q Manufacturing overhead applied 3. What is the direct labor hourly wage rate? Job P Job Q Direct labor hourly wage rate Assume the ending raw materials inventory is $2,800 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. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the issuance of direct materials for use in production. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Assume that the company does not use any indirect labor. Prepare the journal entry to record the direct labor costs added to production. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record entry to direct labor costs added to production. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Prepare the journal entry to apply manufacturing overhead costs to production. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record entry to apply manufacturing overhead costs to production. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal . Assume the ending raw materials inventory is $2,800 and the company does not use any indirect materials. Prepare a schedule of cost of goods manufactured. Schedule of Cost of Goods Manufactured Direct materials: Total raw materials available Raw materials used in production Total manufacturing costs Cost of goods manufactured Zoom 9. Prepare the journal entry to transfer costs from Work in Process to Finished Goods. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet Record entry to transfer costs from Work in Process to Finished Goods. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal 10. Prepare a completed Work in Process T-account including the beginning and ending balances and all debits and credits posted to the account. Work in Process Beg. bal. End. bal. 11. Prepare a schedule of cost of goods sold. Schedule of Cost of Goods Sold Unadjusted cost of goods sold 12. Prepare the journal entry to transfer costs from Finished Goods to Cost of Goods Sold. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record entry to transfer costs from Finished Goods to Cost of Goods Sold. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal 13. What is the amount of underapplied or overapplied overhead? overhead Prepare the journal entry to close the amount of underapplied or overapplied overhead to Cost of Goods Sold. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record entry to close the amount of underapplied or overapplied overhead to Cost of Goods Sold. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Assume that Job P includes 30 units that each sell for $3,200 and that the company's selling and administrative expenses in March were $10,500. Prepare an absorption costing income statement for March Income Statement for March 4-a. If Job P includes 30 units, what is its unit product cost? Unit product cost 4-b. What is the total amount of manufacturing cost assigned to Job Q as of the end of March (including applied overhead)? Total manufacturing cost 5. Assume the ending raw materials inventory is $2,800 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. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet Record the purchases of raw materials on account. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal 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. 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): Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per direct labor-hour Estimated total direct labor-hours to be worked Total actual manufacturing overhead costs incurred $ 15,200 $ 1.70 3,800 $ 22,000 Direct materials Direct labor cost Actual direct labor-hours worked Job P Job Q $ 15,500 $ 9,800 $ 49,300 $ 13,600 2,900 800 Required: 1. What is the company's predetermined overhead rate? (Round your answer to 2 decimal places.) Predetermined overhead rate per DLH 2. How much manufacturing overhead was applied to Job P and Job Q? (Round your intermediate calculations to 2 decimal places.) Job P Job Q Manufacturing overhead applied 3. What is the direct labor hourly wage rate? Job P Job Q Direct labor hourly wage rate Assume the ending raw materials inventory is $2,800 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. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the issuance of direct materials for use in production. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Assume that the company does not use any indirect labor. Prepare the journal entry to record the direct labor costs added to production. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record entry to direct labor costs added to production. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Prepare the journal entry to apply manufacturing overhead costs to production. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record entry to apply manufacturing overhead costs to production. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal . Assume the ending raw materials inventory is $2,800 and the company does not use any indirect materials. Prepare a schedule of cost of goods manufactured. Schedule of Cost of Goods Manufactured Direct materials: Total raw materials available Raw materials used in production Total manufacturing costs Cost of goods manufactured Zoom 9. Prepare the journal entry to transfer costs from Work in Process to Finished Goods. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet Record entry to transfer costs from Work in Process to Finished Goods. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal 10. Prepare a completed Work in Process T-account including the beginning and ending balances and all debits and credits posted to the account. Work in Process Beg. bal. End. bal. 11. Prepare a schedule of cost of goods sold. Schedule of Cost of Goods Sold Unadjusted cost of goods sold 12. Prepare the journal entry to transfer costs from Finished Goods to Cost of Goods Sold. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record entry to transfer costs from Finished Goods to Cost of Goods Sold. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal 13. What is the amount of underapplied or overapplied overhead? overhead Prepare the journal entry to close the amount of underapplied or overapplied overhead to Cost of Goods Sold. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record entry to close the amount of underapplied or overapplied overhead to Cost of Goods Sold. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Assume that Job P includes 30 units that each sell for $3,200 and that the company's selling and administrative expenses in March were $10,500. Prepare an absorption costing income statement for March Income Statement for March