Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Chec Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. The company has two manufacturing departments --Molding and

image text in transcribed
image text in transcribed
Chec 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 O. 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 machine-hours used Molding Fabrication Total 4.200 2.520 6, 720 Estimated total fixed manufacturing overhead $ 16,800 $ 25,200 Estimated variable manufacturing overhead per $42.000 machine-hour $ 1.40 $ 2.20 Job P Job $ 21,840 $13.440 $ 35,200 $ 12,600 Direct materials Direct Labor cost Actual machine-hours used: Molding Fabrication Total 2,890 1.010 3,900 1,340 1.480 2,820 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 Pincluded 20 units and Job 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 4. What was the total manufacturing cost assigned to Job P? (Do not round intermediate calculations.) Check my wc 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 . The following additional information is available for the company as a whole and for Jobs Pando (all data and questions relate to the month of March): Molding Fabrication Total Estimated total machine-hours used 4,200 2,320 6.720 Estimated total fixed manufacturing overhead $ 16,800 $ 25, 200 $ 42.000 Estimated variable manufacturing overhead per machine-hour $ 1.40 $ 2.20 Job P $ 21,840 $ 35,280 Job O $ 13,440 $ 12,600 Direct materials Direct labor cost Actual machine-hours used Molding Fabrication Total 2,890 1.010 3,900 1,340 1,480 2,820 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month Required: For questions 1 to 9, assume thot Sweeten Company uses departmental predetermined overhead rates with machine hours as the allocation base in both departments and Job Pincluded 20 units and Job 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 5. If Job Pincluded 20 units, what was its unit product cost? (Do not round intermediate calculations, Round your final answer to

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

Managerial Accounting Tools for business decision making

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

6th Edition

978-0470477144, 1118096894, 9781118214657, 470477148, 111821465X, 978-1118096895

More Books

Students also viewed these Accounting questions

Question

Determine the CFP Board definition of a fiduciary.

Answered: 1 week ago

Question

Discuss communication challenges in a global environment.

Answered: 1 week ago