Answered step by step
Verified Expert Solution
Question
1 Approved Answer
help save & Exit Check m Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. The company has
help save & Exit Check m 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 overhead per machine-hour Molding Fabrication Total 2,500 1,500 4,000 $10, 750 $15,450 $26,200 $ 1.70 $ 2.50 Job $16,000 $23,400 Job Q $9,500 $8,700 Direct materials Direct labor cost Actual machine-hours used. Molding Fabrication Total 2,000 900 2,900 1.100 1,200 2,300 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. 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 departmental predetermined overhead rates with machine-hours as the allocation base in both departments. PESOS BOSE O'mw x3 MacBook Pro What the Beginners? Jobs Job posting You Don't Story Verly Smart Finand Apply on Get Homework Help With Chege Study I Chegg.com Twitter Capricorn .com ter 2 Homework Assignment 2 Homework Assignment 2 Help Save Check Direct labor cost Actual machine-hours used: Molding Fabrication Total $23,400 2,000 900 2,900 $8,700 1,100 1,200 2,300 5 of 15 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. 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 departmental predetermined overhead rates with machine-hours as the allocation base in both departments. Book rences 15. What was Sweeten Company's cost of goods sold for March? (Do not round Intermediate calculations.) Cost of goods sola
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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