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QUESTION: what is the total manufacturing cost assignes to Job Q ? Sweeten Company had no jobs in progress at the beginning of the year
QUESTION: what is the total manufacturing cost assignes to Job Q
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 yearJob 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 $29,400 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $2.80 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: Fabrication Total 2,500 Estimated total machinehours used $ 12,750 Estimated total fixed manufacturing overhead $ 2.50 Estimated variable manufacturing overhead per machinehour 4,000 1,500 $ 29,400 $ 16,650 $ 3.30 The direct materials cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows: Direct materials Direct labor cost Actual machinehours used: Molding Fabrication Total Job P $ 24,000 $ 29,800 2,800 1,700 4,500 Job Q $ 13,500 $ 11,900 1,900 2,000 3,900 Sweeten Company had no overapplied or underapplied manaacturing 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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