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Required information The Foundational 15 (Algo) [L02-1, L02-2, L02-3, L02-4] [The following information applies to the questions displayed below. ,7 cost for the coming period
Required information The Foundational 15 (Algo) [L02-1, L02-2, L02-3, L02-4] [The following information applies to the questions displayed below. ,7 cost for the coming period and variable manufacturing overhead of $2.50 per machine-hour. additional information to enable calculating departmental overhead rates: Estimated total machine-hours used 2,566 1,566 4,666 Estimated total fixed manufacturing overhead $ 12,666 $ 16,266 $ 28,266 Estimated variable manufacturing overhead per machine-hour $ 2.26 $ 3.66 The direct materials cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows: Job P Job Q Direct materials $ 21,666 S 12,666 Direct labor cost $ 27,466 $ 16,766 Actual machine-hours used: Molding 2,566 1,666 Fabrication 1,466 1,766 Total 3,966 3, 366 Required: machine-hours as the allocation base in both departments. Sweeten Company had nojobs in progress at the beginning ofthe year and no beginning inventories. It started, completed, and sold only twojobs during the yearJob P and Job Q. The company uses a plantwide predetermined overhead rate based on machine-hours. At the beginning ofthe year, it estimated that 4,000 machine-hours would be required for the period's estimated level of production. Sweeten also estimated $28,200 of fixed manufacturing overhead 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 Molding Fabrication Total Sweeten Company had no overapplied or underapplied manufacturing overhead costs during the year. 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 Foundational 2-5 (Algo) 5. What is the total manufacturing cost assigned to Job Q? (Do not round intermediate calculations.)
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