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Question 1. What is the company's plantwide predetermined overhead rate? Question 2. How much manufacturing overhead was applied to Job P and How much was
Question 1. What is the company's plantwide predetermined overhead rate?
Question 2. How much manufacturing overhead was applied to Job P and How much was applied to job Q?
Q3. What is the total manufacturing cost assigned to Job P?
Q4.If Job P includes 20 units, what is its unit production cost?
Q5.What is the total manufacturing cost assigned to Job Q?
Q6. If job Q includes 30 units, what is its unit production cost?
[The following information applies to the questions displayed below] Sweeten Company had no jobs in progress at the beginning of the year and no beginning inventories. It started. completed, and sold only two jobs during the year-Job P and Job Q. 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 $30,200 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $3.00 per machine-hour Because Sweeten has two manufacturing departments-Molding and Fabrication-it 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 Estimated total machine-hours uted Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Holding 2,500 $ 13,250 $ 2.70 Fabrication 1,500 $16,950 $ 3.50 Total 4,000 $ 30,200 The direct materials cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows Direct materials Job P $ 26,000 5 31,400 Job 0 5 14,500 $12,700 3,000 900 4,000 2,100 3,200 4,500 01cect labor cost Actual machine-hours used: Fabrication Holding Total 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
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