Question
Hello, Can somone help me with this questions? Thank you! [The following information applies to the questions displayed below.] Sweeten Company had no jobs in
Hello,
Can somone help me with this questions?
Thank you!
[The following information applies to the questions displayed below.]
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 yearJob 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 $25,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $1.70 per machine-hour.
Because Sweeten has two manufacturing departmentsMolding and Fabricationit 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:
Molding
Fabrication
Total
Estimated total machine-hours used
2,500
1,500
4,000
Estimated total fixed manufacturing overhead
$ 10,000
$ 15,000
$ 25,000
Estimated variable manufacturing overhead per machine-hour
$ 1.40
$ 2.20
The direct materials cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows:
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
Sweeten Company had no overapplied or underapplied manufacturing overhead costs during the year.
Required:
For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. For questions, 9-15, assume that the company uses predetermined departmental overhead rates with machine-hours as the allocation base in both departments.
Foundational 2-1 (Static)
1. What is the company's plantwide predetermined overhead rate? (Round your answer to 2 decimal places.)
Required information
The Foundational 15 (Static) [LO2-1, LO2-2, LO2-3, LO2-4]
Skip to question
[The following information applies to the questions displayed below.]
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 yearJob 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 $25,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $1.70 per machine-hour.
Because Sweeten has two manufacturing departmentsMolding and Fabricationit 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:
Molding
Fabrication
Total
Estimated total machine-hours used
2,500
1,500
4,000
Estimated total fixed manufacturing overhead
$ 10,000
$ 15,000
$ 25,000
Estimated variable manufacturing overhead per machine-hour
$ 1.40
$ 2.20
The direct materials cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows:
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
Sweeten Company had no overapplied or underapplied manufacturing overhead costs during the year.
Required:
For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. For questions, 9-15, assume that the company uses predetermined departmental overhead rates with machine-hours as the allocation base in both departments.
Foundational 2-2 (Static)
2. How much manufacturing overhead was applied to Job P and how much was applied to Job Q? (Do not round intermediate calculations.)
The Foundational 15 (Static) [LO2-1, LO2-2, LO2-3, LO2-4]
Skip to question
[The following information applies to the questions displayed below.]
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 yearJob 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 $25,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $1.70 per machine-hour.
Because Sweeten has two manufacturing departmentsMolding and Fabricationit 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:
Molding
Fabrication
Total
Estimated total machine-hours used
2,500
1,500
4,000
Estimated total fixed manufacturing overhead
$ 10,000
$ 15,000
$ 25,000
Estimated variable manufacturing overhead per machine-hour
$ 1.40
$ 2.20
The direct materials cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows:
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
Sweeten Company had no overapplied or underapplied manufacturing overhead costs during the year.
Required:
For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. For questions, 9-15, assume that the company uses predetermined departmental overhead rates with machine-hours as the allocation base in both departments.
Foundational 2-3 (Static)
3. What is the total manufacturing cost assigned to Job P? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.)
Required information
The Foundational 15 (Static) [LO2-1, LO2-2, LO2-3, LO2-4]
Skip to question
[The following information applies to the questions displayed below.]
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 yearJob 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 $25,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $1.70 per machine-hour.
Because Sweeten has two manufacturing departmentsMolding and Fabricationit 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:
Molding
Fabrication
Total
Estimated total machine-hours used
2,500
1,500
4,000
Estimated total fixed manufacturing overhead
$ 10,000
$ 15,000
$ 25,000
Estimated variable manufacturing overhead per machine-hour
$ 1.40
$ 2.20
The direct materials cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows:
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
Sweeten Company had no overapplied or underapplied manufacturing overhead costs during the year.
Required:
For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. For questions, 9-15, assume that the company uses predetermined departmental overhead rates with machine-hours as the allocation base in both departments.
Foundational 2-4 (Static)
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.)
The Foundational 15 (Static) [LO2-1, LO2-2, LO2-3, LO2-4]
Skip to question
[The following information applies to the questions displayed below.]
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 yearJob 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 $25,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $1.70 per machine-hour.
Because Sweeten has two manufacturing departmentsMolding and Fabricationit 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:
Molding
Fabrication
Total
Estimated total machine-hours used
2,500
1,500
4,000
Estimated total fixed manufacturing overhead
$ 10,000
$ 15,000
$ 25,000
Estimated variable manufacturing overhead per machine-hour
$ 1.40
$ 2.20
The direct materials cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows:
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
Sweeten Company had no overapplied or underapplied manufacturing overhead costs during the year.
Required:
For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. For questions, 9-15, assume that the company uses predetermined departmental overhead rates with machine-hours as the allocation base in both departments.
Foundational 2-5 (Static)
5. What is the total manufacturing cost assigned to Job Q? (Do not round intermediate calculations.)
The Foundational 15 (Static) [LO2-1, LO2-2, LO2-3, LO2-4]
Skip to question
[The following information applies to the questions displayed below.]
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 yearJob 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 $25,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $1.70 per machine-hour.
Because Sweeten has two manufacturing departmentsMolding and Fabricationit 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:
Molding
Fabrication
Total
Estimated total machine-hours used
2,500
1,500
4,000
Estimated total fixed manufacturing overhead
$ 10,000
$ 15,000
$ 25,000
Estimated variable manufacturing overhead per machine-hour
$ 1.40
$ 2.20
The direct materials cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows:
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
Sweeten Company had no overapplied or underapplied manufacturing overhead costs during the year.
Required:
For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. For questions, 9-15, assume that the company uses predetermined departmental overhead rates with machine-hours as the allocation base in both departments.
Foundational 2-6 (Static)
6. If Job Q includes 30 units, what is its unit product cost? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.)
The Foundational 15 (Static) [LO2-1, LO2-2, LO2-3, LO2-4]
Skip to question
[The following information applies to the questions displayed below.]
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 yearJob 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 $25,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $1.70 per machine-hour.
Because Sweeten has two manufacturing departmentsMolding and Fabricationit 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:
Molding
Fabrication
Total
Estimated total machine-hours used
2,500
1,500
4,000
Estimated total fixed manufacturing overhead
$ 10,000
$ 15,000
$ 25,000
Estimated variable manufacturing overhead per machine-hour
$ 1.40
$ 2.20
The direct materials cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows:
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
Sweeten Company had no overapplied or underapplied manufacturing overhead costs during the year.
Required:
For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. For questions, 9-15, assume that the company uses predetermined departmental overhead rates with machine-hours as the allocation base in both departments.
Foundational 2-7 (Static)
7. Assume that 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. If Job P includes 20 units and Job Q includes 30 units, 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? (Do not round intermediate calculations. Round your final answers to nearest whole dollar.)
Required information
The Foundational 15 (Static) [LO2-1, LO2-2, LO2-3, LO2-4]
Skip to question
[The following information applies to the questions displayed below.]
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 yearJob 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 $25,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $1.70 per machine-hour.
Because Sweeten has two manufacturing departmentsMolding and Fabricationit 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:
Molding
Fabrication
Total
Estimated total machine-hours used
2,500
1,500
4,000
Estimated total fixed manufacturing overhead
$ 10,000
$ 15,000
$ 25,000
Estimated variable manufacturing overhead per machine-hour
$ 1.40
$ 2.20
The direct materials cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows:
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
Sweeten Company had no over applied or under applied manufacturing overhead costs during the year.
Required:
For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. For questions, 9-15, assume that the company uses predetermined departmental overhead rates with machine-hours as the allocation base in both departments.
Foundational 2-8 (Static)
8. What is Sweeten Company's cost of goods sold for the year? (Do not round intermediate calculations.)
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