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Required: For questions 1 - 8 , assume that Sweeten Company uses a plantwide predetermined overhead rate with machine - hours as the allocation base.
Required:
For questions assume that Sweeten Company uses a plantwide predetermined overhead rate with machinehours as the allocation base. For questions, assume that the company uses predetermined departmental overhead rates with machinehours as the allocation base in both departments.
What is the total manufacturing cost assigned to Job Q
Note: Do not round intermediate calculations.
Required information
If Job Q includes units, what is its unit product cost?
Note: Do not round intermediate calculations. Round your final answer to nearest whole dollar.
Assume that Sweeten Company uses costplus pricing and a markup percentage of of total manufacturing cost to establish selling prices for all of its jobs. If Job P includes units and Job Q includes units, what selling price would the company establish for Jobs P and Q What are the selling prices for both jobs when stated on a per unit basis?
Note: Do not round intermediate calculations. Round your final answers to nearest whole dollar.
What is Sweeten Companys cost of goods sold for the year?
Note: Do not round intermediate calculations.
What are the companys predetermined overhead rates in the Molding Department and the Fabrication Department?
Note: Round your answers to decimal places. following information applies to the questions displayed below.
How much manufacturing overhead was applied from the Molding Department to Job P and how much was applied to Job Q
Note: Do not round intermediate calculations.
How much manufacturing overhead was applied from the Fabrication Department to Job P and how much was applied to Job Q
Note: Do not round intermediate calculations.
If Job P includes units, what is its unit product cost?
Note: Do not round intermediate calculations.
If Job Q includes units, what is its unit product cost?
Note: Do not round intermediate calculations. Round your final answer to nearest whole dollar
Assume that Sweeten Company uses costplus pricing and a markup percentage of of total manufacturing cost to establish selling prices for all of its jobs. If Job P includes units and Job Q includes units, what selling price would the company establish for Jobs P and Q What are the selling prices for both jobs when stated on a per unit basis?
What is Sweeten Companys cost of goods sold for the year?
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 and Job Q The company uses a plantwide predetermined
overhead rate based on machinehours. At the beginning of the year, it estimated that machinehours would be
required for the period's estimated level of production. Sweeten also estimated $ of fixed manufacturing overhead
cost for the coming period and variable manufacturing overhead of $ per machinehour.
Because Sweeten has two manufacturing departmentsMolding and Fabricationit is considering replacing its plantwide
overhead rate with departmental rates that would also be based on machinehours. The company gathered the following
additional information to enable calculating departmental overhead rates:
Sweeten Company had no overapplied or underapplied manufacturing overhead costs during the year.
Required:
For questions assume that Sweeten Company uses a plantwide predetermined overhead rate with machinehours as
the allocation base. For questions, assume that the company uses predetermined departmental overhead rates with
machinehours as the allocation base in both departments.
How much manufacturing overhead was applied to Job and how much was applied to Job
Note: Do not round intermediate calculations.
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