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first imagine is unclear. i have updated the photos. the last 3 images are clear and correct finher: wert Aequired: 7erenal hain: Fibricacive Depertarnet Sweeten
first imagine is unclear. i have updated the photos. the last 3 images are clear and correct
finher: wert Aequired: 7erenal hain: Fibricacive Depertarnet 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 predelermined overhead rate based on machine-hours. At the beginning of the year, it estimated 4,000 machine-hours would be required for the period's estimated level of production. Sweeten also estimated $25,000 of fixed manufacturing overhend cost for the coming period and variable manufacturing overhead of $1.70 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 folloming additional information to enable calculating departmental overhead rates: The direct materials cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows: Sweeten Company had no overapplied or underapplied manufacturing overhead costs during the year. Required: For (G questions 1-(G) 8, assume Sweeten Company uses a plantwide predetermined overhead rate uses predetermined departmental overhead rates with machine-hours as the allocation base in both departments. 1. What is the company's plantwide predetermined overhead rate? 2. How much manufacturing overhead was applied to Job P, and how much was applied to Job Q ? 3. What is the total manufacturing cost assigned to Job P ? 4. If Job P includes 20 units, what is its unit product cost? 5. What is the total manufncturing cost assigned to Job Q? 6. If Job Q includes 30 units, what is its unit product cost? 7. Assume Sweeten Company uses cost-plus pricing (and a markup percentage of 80% of total manufacturing cost) to establish selling prices for all of its jobs. What selling price would the company establish for Jobs P and Q ? What are the selling prices for both jobs when stated on a per-unit basis? 8. What is Sweeten Company's cost of goods sold for the year? 9. What are the company's predetermined overhead rates in the Molding Department and the Fabrication Department? 10. How much manufacturing overhend was applied from the Molding Department to Job P, and how much was applied to Job Q? 11. How much manufacturing overhead was applied from the Fabrication Department to Job P, and how much was applied to Job Q? 12. If Job P includes 20 units, what is its unit product cost? 13. If Job Q includes 30 units, what is its unit product cost? 14. Assume Sweeten Company uses cost-plus pricing (and a markup percentage of 80% of total manufacturing cost) to establish selling prices for all of its jobs. What selling price would the company establish for Jobs P and Q? What are the selling prices for both jobs when stated on a perunit basis? 15. What is Sweeten Company's cost of goods sold for the year? finher: wert Aequired: 7erenal hain: Fibricacive Depertarnet 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 predelermined overhead rate based on machine-hours. At the beginning of the year, it estimated 4,000 machine-hours would be required for the period's estimated level of production. Sweeten also estimated $25,000 of fixed manufacturing overhend cost for the coming period and variable manufacturing overhead of $1.70 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 folloming additional information to enable calculating departmental overhead rates: The direct materials cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows: Sweeten Company had no overapplied or underapplied manufacturing overhead costs during the year. Required: For (G questions 1-(G) 8, assume Sweeten Company uses a plantwide predetermined overhead rate uses predetermined departmental overhead rates with machine-hours as the allocation base in both departments. 1. What is the company's plantwide predetermined overhead rate? 2. How much manufacturing overhead was applied to Job P, and how much was applied to Job Q ? 3. What is the total manufacturing cost assigned to Job P ? 4. If Job P includes 20 units, what is its unit product cost? 5. What is the total manufncturing cost assigned to Job Q? 6. If Job Q includes 30 units, what is its unit product cost? 7. Assume Sweeten Company uses cost-plus pricing (and a markup percentage of 80% of total manufacturing cost) to establish selling prices for all of its jobs. What selling price would the company establish for Jobs P and Q ? What are the selling prices for both jobs when stated on a per-unit basis? 8. What is Sweeten Company's cost of goods sold for the year? 9. What are the company's predetermined overhead rates in the Molding Department and the Fabrication Department? 10. How much manufacturing overhend was applied from the Molding Department to Job P, and how much was applied to Job Q? 11. How much manufacturing overhead was applied from the Fabrication Department to Job P, and how much was applied to Job Q? 12. If Job P includes 20 units, what is its unit product cost? 13. If Job Q includes 30 units, what is its unit product cost? 14. Assume Sweeten Company uses cost-plus pricing (and a markup percentage of 80% of total manufacturing cost) to establish selling prices for all of its jobs. What selling price would the company establish for Jobs P and Q? What are the selling prices for both jobs when stated on a perunit basis? 15. What is Sweeten Company's cost of goods sold for the year Step by Step Solution
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