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Required information {The folio wing information applies to the questions displayed befo wt} Sweeten Company had nojobs in progress at the beginning of March and
Required information {The folio wing information applies to the questions displayed befo wt} Sweeten Company had nojobs in progress at the beginning of March and no beginning inventories. The company has two manufacturing departmentsMolding and Fabrication. It started, completed, and sold only two jobs during March Job P and Job (1 The following additional information is available for the company as a whole and for Jobs P and CI {all data and questions relate to the month of March]: Holding Fabrication Total Estimated total machinehours used 2,533 1,533 4,333 Estimated total fixed manufacturing overhead $14,333 $13,433 $31,433 Estimated variable manufacturing overhead per machinehour $ 3.33 $ 3.33 [ .Job P Job LI Direct materials $23,333 $16, 333 Direct labor cost $33,333 $13,333 Actual machinehours used: Holding 3,333 2,433 Fab rication 2 , 233 2, 533 Total 5,533 4,333 [ Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 13, assume that Sweeten Company uses departmental predetermined overhead rates with machine hours as the allocation base in both departments and Job P included 23 units and Job Ci included 33 units. For questions 1015, assume that the company uses a plant'wide predetermined overhead rate with machine-hours as the allocation base. 1. What were the company's predetermined overhead rates in the Molding Department and the Fabrication Department? (Round your answers to 2 decimal places.) Predetermined Overhead Rate Molding Department per MH Fabrication Department per MH2. How much manufacturing overhead was applied from the Molding Department to Job P and how much was applied to Job Q? (Do not round intermediate calculations.) Job P Job Q Manufacturing overhead applied3. How much manufacturing overhead was applied from the Fabrication Department to Job P and how much was applied to Job Q? (Do not round intermediate calculations.) Job P Job Q Manufacturing overhead applied4. What was the total manufacturing cost assigned to Job P? (Do not round intermediate calculations.) Total manufacturing cost5. If Job P included 20 units, what was its unit product cost? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) Unit product cost6. What was the total manufacturing cost assigned to Job Q? (Do not round intermediate calculations.) Total manufacturing cost7. If Job Q included 30 units, what was its unit product cost? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) Unit product cost8. Assume that Sweeten Company used cost-plus pricing (and a markup percentage of 80% of total manufacturing cost) to establish selling prices for all of its jobs. What selling price would the company have established for Jobs P and Q? What are the selling prices for both jobs when stated on a per unit basis? (Do not round intermediate calculations. Round your final answers to nearest whole dollar.) Job P Job Q Total price for the job Selling price per unit9. What was Sweeten Company's cost of goods sold for March? (Do not round intermediate calculations.) Cost of goods sold10. What was the company's plantwide predetermined overhead rate? (Round your answer to 2 decimal places.) Predetermined overhead rate per MH
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