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Required information [ The following information applies to the questions displayed below. ] Sweeten Company had no jobs in progress at the beginning of the
Required information 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 yearJob P 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: The direct materials cost, direct labor cost, and machinehours used for Jobs and are as follows: Sweeten Company had no overapplied or underapplied manufacturing overhead costs during the year. These are my Questions, based on the chart posted: What is the companys plantwide predetermined overhead rate? Note: Round your answer to decimal places. How much manufacturing overhead was applied to Job P and how much was applied to Job Q What is the total manufacturing cost assigned to Job P If Job P includes units, what is its unit product cost? What is the total manufacturing cost assigned to Job Q If Job Q includes units, what is its unit product cost? 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? What are the companys predetermined overhead rates in the Molding Department and the Fabrication Department? How much manufacturing overhead was applied from the Molding Department to Job P and how much was applied to Job Q How much manufacturing overhead was applied from the Fabrication Department to Job P and how much was applied to Job Q If Job P includes units, what is its unit product cost? If Job Q includes units, what is its unit product cost?
Required information
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 yearJob P 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:
The direct materials cost, direct labor cost, and machinehours used for Jobs and are as follows:
Sweeten Company had no overapplied or underapplied manufacturing overhead costs during the year.
These are my Questions, based on the chart posted:
What is the companys plantwide predetermined overhead rate?
Note: Round your answer to decimal places.
How much manufacturing overhead was applied to Job P and how much was applied to Job Q
What is the total manufacturing cost assigned to Job P
If Job P includes units, what is its unit product cost?
What is the total manufacturing cost assigned to Job Q
If Job Q includes units, what is its unit product cost?
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?
What are the companys predetermined overhead rates in the Molding Department and the Fabrication Department?
How much manufacturing overhead was applied from the Molding Department to Job P and how much was applied to Job Q
How much manufacturing overhead was applied from the Fabrication Department to Job P and how much was applied to Job Q
If Job P includes units, what is its unit product cost?
If Job Q includes units, what is its unit product cost?
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