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LlclllUllcll u DUV'Z'U The Foundational 15 (Static) [L02-1, L02-2, L02-3, L02-4] [The following information applies to the questions displayed below. ,7 Sweeten Company had nojobs
LlclllUllcll u DUV'Z'U The Foundational 15 (Static) [L02-1, L02-2, L02-3, L02-4] [The following information applies to the questions displayed below. ,7 Sweeten Company had nojobs in progress at the beginning ofthe year and no beginning inventories. It started, completed, and sold only two jobs during the yearJob P and Job 0. The company uses a plantwide predetermined overhead rate based on machine-hours. At the beginning of the year, it estimated that 4,000 machine-hours would be required for the period's estimated level of production. Sweeten also estimated $25,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $1.70 per machine-hour. Because Sweeten has two manufacturing departmentsMolding and Fabricationit is considering replacing its plantwide overhead rate with departmental rates that would also be based on machine-hours. The company gathered the following additional information to enable calculating departmental overhead rates: Molding Fabrication Total Estimated total machine-hours used 2,566 1,566 4,666 Estimated total fixed manufacturing overhead $ 16,666 $ 15,666 $ 25,666 Estimated variable manufacturing overhead per machine-hour $ 1.46 $ 2.26 The direct materials cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows: Slob P Job Q Direct materials 55 13,666 $ 8,666 Direct labor cost $ 21,666 $ 7,566 Actual machine-hours used: Molding 1,729 366 Fabrication 666 966 Total 2, see 1, 766 Sweeten Company had no overapplied or underapplied manufacturing overhead costs during the year. 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 predetermined departmental overhead rates with machine-hours as the allocation base in both departments. Foundational 2-2 (Static) 2. How much manufacturing overhead was applied to Job P and how much was applied to Job 0? (Do not round intermediate calculations.) Manufacturing overhead applied
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