Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please show work in excell thank you Required information The following information applies to the questions displayed below] Sweeten Company had no jobs in progress

please show work in excell thank you image text in transcribed
Required 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): Molding 3,600 $ 14,400 $ 1.40 Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Fabrication 2,160 $ 21,600 $ 2.20 Total 5,760 $ 36,000 Job P $ 18,720 $ 30,240 Job O $ 11,520 $ 10,800 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 2,440 860 3,300 1,150 1,310 2,460 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. 9. What was Sweeten Company's cost of goods sold for March? (Do not round Intermediate calculations.)

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

Step: 3

blur-text-image

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

Financial Accounting

Authors: Dr Carl S. Warren, Dr James M. Reeve, Philip E. Fess

9th Edition

032418803X, 978-0324188035

More Books

Students also viewed these Accounting questions