Answered step by step
Verified Expert Solution
Question
1 Approved Answer
could I get someone to help me please! Sweeten Company had no jobs in progress at the beginning of the year and no beginning inventories.
could I get someone to help me please!
Sweeten Company had no jobs in progress at the beginning of the year and no beginning inventories. It started. completed, and sold only two jobs during the year-Job P and Job Q. The company uses a plantwide predetermined overhead rate based on machine-hours. At the beginning of the year, it estimated that 4,000 machine-hours would be required for the period's estimated level of production Sweeten also estimated $31,400 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $3.30 per machine-hour. Because Sweeten has two manufacturing departments-Molding and Fabrication-It is considering replacing its plantwide overhead rate with departmental rates that would also be based on machine-hours. The company gathered the following additional information to enable calculating departmental overhead rates: Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour The direct materials cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows: Job P $ 29,000 $ 33,800 Molding 2,500 $ 14,000 $ 3.00 3,300 2,200 5,500 Job Q $ 16,000 $ 13,900 Fabrication 1,500 $ 17,400 $ 3.80 2,400 2,500 4,900 Total Check my work 4,000 $ 31,400 Foundational 2-4 (Algo) 4. If Job P includes 20 units, what is its unit product cost? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) Unit product cost 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