Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

As well as Job P with 20 units Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. The

As well as Job P with 20 units
image text in transcribed
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): Molding Fabrication Total Estimated total machine-hours used 3,100 1,860 4,960 Estimated total fixed manufacturing overhead $ 12,400 $ 18,600 $ 31,000 Estimated variable manufacturing overhead per machine-hour $ 1.40 $ 2.20 Job O $ 9,920 $ 9,300 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total Job P $ 16, 120 $ 26,040 2,160 740 2,900 990 1,070 2,060 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month Required: For questions 1 to 9, 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 10 to 15, assume that the company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. 7. If Job Q included 30 units, what was its unit product cost? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.)

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_2

Step: 3

blur-text-image_3

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

Exploring Strategic Change

Authors: Julia Balogun, Veronica Hope Hailey, Stafanie Gustafsson

4th Edition

0273778919, 9780273778912

More Books

Students also viewed these Accounting questions

Question

Understand that audiences expect to be persuaded by a proposal

Answered: 1 week ago