Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A C D What were the company's predetermined overhead rates in the Molding Department and the Fabrication Department? Molding: Estimated fixed manufacturing overhead Estimated variable
A C D What were the company's predetermined overhead rates in the Molding Department and the Fabrication Department? Molding: Estimated fixed manufacturing overhead Estimated variable manufacturing overhead Estimated total manufacturing overhead cost - Molding Estimated total manufacturing overhead cost - Molding (a) Estimated total machine-hours - Molding (b) Predetermined overhead rate - Molding (a) + (b) Fabrication: Estimated fixed manufacturing overhead Estimated variable manufacturing overhead Estimated total manufacturing overhead cost - Fabrication Estimated total manufacturing overhead cost - Fabrication (a) Estimated total machine-hours - Fabrication (b) Predetermined overhead rate - Fabrication (a) + (b) 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): Chanter Ann Estimated total machine-hours used Estimated total fixed manufacturing overhoad Molding 2,500 Fabrication Total $10,000 1,500 $15,000 4,000 $25,000 Estimated variable manufacturing overhead per machine-hour $1.40 $2.20 Job P Job Q Direct materials $13,000 8,000 Direct labor cost $21,000 $7,500 Actual machine-hours used: Molding 1,700 800 Fabrication 600 900 Total 2,300 1,700
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started