Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Help, due in a few hours. Could you please write the number of the questions that your solving. There has been past times when people

Help, due in a few hours.

Could you please write the number of the questions that your solving. There has been past times when people solve questions and there are numbers everywhere.

Thank you!

Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. It started only two jobs during MarchJob P and Job Q. Job P was completed and sold by the end of the March and Job Q was incomplete at the end of the March. The company uses a plantwide predetermined overhead rate based on direct labor-hours. 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 fixed manufacturing overhead $ 13,500

Estimated variable manufacturing overhead per direct labor-hour $ 1.70

Estimated total direct labor-hours to be worked 2,700

Total actual manufacturing overhead costs incurred $ 17,100

Job P Job Q

Direct materials $ 17,600 $ 8,700

Direct labor cost $ 32,400 $ 7,200

Actual direct labor-hours worked 1,800 400

Required:

1. What is the companys predetermined overhead rate? (per DLH)

2. How much manufacturing overhead was applied to Job P and Job Q?

3. What is the direct labor hourly wage rate? Job P? Job Q?

4a. If job P includes 20 units, what is the unit production cost?

4b. What is the total amount of manufacturing cost assigned to Job Q as of the end of March (including applied overhead)?

5. Assume the ending raw materials inventory is $1,700 and the company does not use any indirect materials. Prepare the journal entries to record raw materials purchases and the issuance of direct materials for use in production.

6. Assume that the company does not use any indirect labor. Prepare the journal entry to record the direct labor costs added to production.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions