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Just need #14 and 15 Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. The company has two
Just need #14 and 15
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): Molding Fabrication Total 1,500 $17,700 Estimated total machine-hours used 2,500 $14,500 3.20 4,000 Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour $32,200 4.00 Job P Job C $17,000 $14,700 Direct materials $31,000 $35,400 Direct labor cost Actual machine-hours used: Molding Fabrication 3,500 2,600 2,700 2,400 5,900 5,300 Total 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 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. Foundational 2-1 1. What was the company's plantwide predetermined overhead rate? (Round your answer to 2 decimal places.) 11.55 per MH Predetermined overhead rate 2. How much manufacturing overhead was applied to Job P and how much was applied to Job Q? (Do not round intermediate calculations.) Job Q Job P $ $ Manufacturing overhead applied 68,145 61,215 3. What was the total manufacturing cost assigned to Job P? (Do not round intermediate calculations.) Total manufacturing cost $ 134,545 4. 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 6,727 5. What was the total manufacturing cost assigned to Job Q? (Do not round intermediate calculations.) Total manufacturing cost 92,915 6. 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.) $ Unit product cost 3,097 7. Assume that Sweeten Company used cost-plus pricing (and a markup percentage of 80% of total manufacturing cost) to establish selling prices for all of its jobs. What selling price would the company have established for Jobs P and Q? What are the selling prices for both jobs when stated on a per unit basis assuming 20 units were produced for Job P and 30 units were produced for Job Q? (Do not round intermediate calculations. Round your final answers to nearest whole dollar.) Answer is complete and correct. Job P Job Q Total price for the job Selling price per unit 242,181 167,247 12,109 $ 5,575 9. What were the company's predetermined overhead rates in the Molding Department and the Fabrication Department? (Round your answers to 2 decimal places.) Answer is complete and correct. Predetermined Overhead Rate Molding Department 9.00 per MH $ Fabrication Department 15.80 per MH 12. If Job P included 20 units, what was its unit product cost? (Do not round intermediate calculations.) Answer is complete and correct. Unit product $ 6,791 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.) Answer is complete and correct. Unit product $ 3,259 costStep by Step Solution
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