5.10,5.11,5.14

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 March and Job Q was incomplete at the end of March. The company uses a plantwide predetermined overhead rate Page 171 based on direct labour-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): $10,000 Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per direct labour-hour $ 1.00 Estimated total direct labour-hours to be worked 2,000 Total actual manufacturing overhead costs incurred $12,500 Job P Job Q Direct materials $13,000 $8,000 Direct labour $21,000 $7,500 Actual direct labour-hours worked 1.400 500 5-1 5-2 5_3 5-4 What is the company's predetermined overhead rate? How much manufacturing overhead was applied to Job P and Job Q? What is the direct labour hourly wage rate? If Job P includes 20 units, what is its unit product cost? What is the total amount of manufacturing cost assigned to Job O as of the end of March (including applied overhead)? 5-1 What is the company's predetermined overhead rate? 5-2 How much manufacturing overhead was applied to Job P and Job Q? 5_3 What is the direct labour hourly wage rate? 54 If Job P includes 20 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)? 5-3 Assume the ending raw materials inventory is $1,000 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. 5-6 Assume that the company does not use any indirect labour. Prepare the journal entry to record the direct labour costs added to production, 5-7 Prepare the journal entry to apply manufacturing overhead costs to production. 5-8 Assume the ending raw materials inventory is $1.000 and the company does not use any indirect materials. Prepare a schedule of cost of goods manufactured. 5-9 Prepare the journal entry to transfer costs from Work in Process to Finished Goods. 5-10 Prepare a completed Work in Process T-account including the beginning and ending balances and all debits and credits posted to the account 5-11 Prepare a schedule of cost of goods sold. (Stop after computing the unadjusted cost of goods sold.) 5-12 Prepare the journal entry to transfer costs from Finished Goods to Cost of Goods Sold. 5-13 What is the amount of underapplied or overapplied overhead? 5-14 Prepare the joumal entry to close the amount of underapplied or overapplied overhead to the appropriate account