Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Information Questions #6-#15 THANK YOU SO MUCH!!! [The following information applies to the questions displayed below.] Sweeten Company had no jobs in progress at the
Information
[The following information applies to the questions displayed below.] 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): Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1 to 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 Q included 30 units. For questions 10 to 15 , assume that the company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. 6. What was the total manufacturing cost assigned to Job Q? (Do not round intermediate calculations.) Total manufacturing cost 7. If Job Q included 30 units, what was its unit product cost? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) 9. What was Sweeten Company's cost of goods sold for March? (Do not round intermediate calculations.) Cost of goods sold 10. What was the company's plantwide predetermined overhead rate? (Round your answer to 2 decimal places.) Predetermined overhead rate per MH 10. What was the company's plantwide predetermined overhead rate? (Round your answer to 2 decimal places.) \begin{tabular}{l|l|l|} \hline Predetermined overhead rate & & per MH \\ \hline \end{tabular} \begin{tabular}{l|l|l|} 11. How much manufacturing overhead was applied & \\ to Job P and how much was applied to Job Q? (Do & \\ not round intermediate calculations.) & Job P & \\ \hline & & \\ \hline Manufacutring overhead applied & & \\ \hline \end{tabular} 12. If Job P included 20 units, what was its unit product cost? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) Unit product cost 13. If Job Q included 30 units, what was its unit product cost? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) 15. What was Sweeten Company's cost of goods sold for March? (Do not round intermediate calculations.) Cost of goods sold Questions #6-#15
THANK YOU SO MUCH!!!
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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