Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

Help!!! I am struggling with these accounting problems. All require the use of the table provided below. Sweeten Company had no jobs in progress at

Help!!! I am struggling with these accounting problems. All require the use of the table provided below.
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
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 Q. 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 Estimated total fixed manufacturing overhead Estimated variable manufacturing over head per machine-hour Molding Fabrication 4,100 2,460 $16,400 $24,600 $ 1.40 $ 2.20 Total 6,560 $41,000 Job Job P $21, 320 $34, 440 $13, 120 $12,300 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 2,820 980 3,800 1,310 1.450 2.760 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1-9, assume that Sweeten Company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments and Job P included 20 units and Job included 30 units. For questions 10-15 assume that the company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. 2. How much manufacturing overhead was applied from the Molding Department to Job P and how much was applied to Job ? (Do not round intermediate calculations.) Answer is complete but not entirely correct. Job P 30,210 $ Job 21.912 Manufacturing ovestead applied 3. How much manufacturing overhead was applied from the Fabrication Department to JOD P and now Much wenu www (Do not round Intermediate calculations.) Job P Job Manufacturing overhead applied 4. What was the total manufacturing cost assigned to Job P? (Do not round intermediate calculations.) Answer is complete but not entirely correct. 11.158

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

Accounting An Introduction

Authors: Atrill Peter, Eddie McLaney

6th Edition

0273771833, 978-0273771838

More Books

Students explore these related Accounting questions

Question

=+Differentiate between social media roles

Answered: 3 weeks ago