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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 March and
Required information [The following information applies to the questions displayed below.] Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. The company has two manufacturing departments-Molding and Fabrication. It started, completed, and sold only two jobs during March-Job P and Job Q. The following additional information is available for the company as a whole and for Jobs P and Q (all data and questions relate to the month of March): Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Molding 4,400 $ 17,600 $ 1.40 Fabrication 2,640 $ 26,400 $ 2.20 Total 7,040 $ 44,000 Direct materials Job P $ 22,880 Job Q $ 14,080 Direct labor cost $ 36,960 $ 13,200 Actual machine-hours used: Molding 3,040 1,410 Fabrication 1,060 1,530 Total 4,100 2,940 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1 to 9, assume that Sweeten Company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments and Job P included 20 units and Job Q included 30 units. For questions 10 to 15, assume that the company uses a plantwide 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 you answers to 2 decimal places). 2. 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. 3. 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. 4. What was the total manufacturing cost assigned to Job P? Do not round intermediate calculations. 5. If Job P included 20 units, what was its unit product cost? Do not round intermediate calculations. Round your final answer to the nearest whole dollar. 6. What was the total manufacturing cost assigned to Job Q? Do not round intermediate calculations. 7. If Job Q included 30 units, what was its unit product cost? Do not round intermediate calculations. Round your final answer to the nearest whole dollar.
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