Question
8. If Sweeten Company requisitioned $28,600 from raw materials inventory during March, then how much indirect materials cost would be included in Manufacturing Overhead Incurred?
8. If Sweeten Company requisitioned $28,600 from raw materials inventory during March, then how much indirect materials cost would be included in Manufacturing Overhead Incurred?
9. If Sweeten Companys labor time tickets totaled $58,000 for the month of March, then how much indirect labor cost would be included in Manufacturing Overhead Incurred?
10. Calculate the cost of goods sold using the direct method.
11. Calculate the cost of goods manufactured using the indirect method.
12. Calculate the cost of goods sold using the indirect method.
13. How would you revise your answer to question 11 if the company had beginning work in process inventory of $9,600?
14. How would you revise your answer to question 12 if the company had beginning finished goods inventory of $13,600?
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 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 $14,400 $ 1.50 3,600 $ 20,000 Job Q $ 15,000 $ 9,600 40,500 $12,000 Job P Direct materials Direct labor cost Actual direct labor-hours worked al direct labor-hours workerd 2,700 800
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