Required information The fowlowing information applies to the questions displayed below! Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. It started only two jobs during March-In Pand lob Job P was completed and sold by the end of March and Job was incomplete at the end of March. The company uses a plantwide predetermined overhead rate based on direct labour-hours. The following additional information is available for the company as a whole and for Jobs P and fall data and questions relate to the month of March $ 12,00 5 1.1e Estimated total faxed manufacturing over head Estimated variable manufacturing overhead per direct labour-hour Estimated total direct labour-hours to be worked Total actual manufacturing overhead costs incurred 3.2ap $15.ee Job Direct materials Direct labour Actual direct labour hours worked Job P $ 16,10 $ 39,100 2,100 $ 9,200 $ 30,202 Fad Required: 1. What is the company's predetermined overhead rate? (Round your answer to 2 decimal places.) 2. How much manufacturing overhead was applied to Job Pand Job ? (Round your intermediate calculations to 2 decimal places) ob 3. What is the direct labour hourly wage rate? 4-a. If Job Pincludes 30 units what is its unit product cost? Unit productos 4-5 What is the total amount of manufacturing cost assigned to Job O as of the end of March (including applied overhead? Tatal manufacturing cost 5. Assume the ending raw materials inventory is $2.200 and the company does not use any indirect materials. Prepare the journal entries to record raw materials purchases and the issuance of direct materials for use in production (if no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet 1 2 > Record the purchases of raw materials on account, NET boca Transaction General Journal Debit Crede 6. Assume that the company does not use any Indirect labour Prepare the journal entry to record the direct labour costs added to production (If no entry is required for a transaction/event, select "No Journal entry required in the first account field View transaction lit Journal entry worksheet + > Record entry to direct tabar costs added to production No Ebbur Transaction General Journal Debit Credit 7. Prepare the journal entry to apply manufacturing overhead costs to production. If no entry is required for a transaction/event, select "No journal entry required in the first account field View transaction ist Journal entry worksheet 1 Record entry to apply manufacturing weread costs to production NEwbie bere Transacbon General Journal Debit Credit 8 Assume the ending raw materials inventory is $2 200 and the company does not use any indirect materials. Prepare a schedule of cost of goods manufactured (Do not leave any empty spaces; input a 0 wherever it is required) Schedule of Cost of Goods Manufactured Drect lens Total raw materials availabio 11 Raw materials used in production S Total menunching costs 0 Cost a good manufactured 9. Prepare the journal entry to transfer costs from Work in Process to Fished Goods if no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction at Journal entry worksheet Record entry to transfer cows from Work in Process to Finished Goods TE Transaction General Journal Debit Cred 10. Prepare a completed Work in Process T-account including the beginning and ending balances and all debits and credits posted to The account (Do not leave any empty spaces: input a O wherever it is required) Work in Process End 11. Prepare a schedule at cost of goods sold. (Do not leave any empty spaces: Input ao wherever it is required) Schedule of Cost of Goods Sold Unaduto cost of goods so 12. Prepare the journal entry to transfer costs from Finished Goods to Cost of Goods Sold. (If no entry is required for a transaction event, select "No journal entry required in the first accountfield 4 View transaction lit Journal entry worksheet > Record entry to transfer costs from Finishers Goods to Cost of Goods Sold No debes bereits Transaction General Journal Debit Credit 13. What is the amount of underapplied or overapplied overhead? -nces overhead 14. Prepare the journal entry to close the amount of underapplied or overapplied overhead to the appropriate account. fif no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet > Record entry to close the amount of underapplied or overapplied averhead to Cast of Goods Sold ut dues torres Transaction General Journal Debit Credit 4-a. It Job Pincludes 30 units, what is its unit product cost? Un product com 4-5. What is the total amount of manufacturing cost assigned to Job Qas of the end of March (including applied overhead? Total manufacturing cost 5. Assume the ning raw materiais inventory is $2.200 and the company does not use any indirect materials. Prepare the journal entries to record w materiais purchases and the issuance of direct materials for use in production line entry is required for a transaction event, select "No journal entry required in the first account field www.remontu Journal entry worksheet > Record the purchases of raw materiais on account tet Thu D 6. Assume that the company does not use any indirect labour. Prepare the journal entry to record the direct labour costs added to production (if no entry is required for a transaction/event, select "No Journal entry required in the first account field) Virrationis Journal entry worksheet > Record entry to direct inbor costs added to production Ne Erret Sercedits Thursacbon General Journal Debit Cred 7. Prepare the journal entry to apply manufacturing overhead costs to production (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transactions Journal entry worksheet > + Record entry to apply manufacturing overhead costs to production N Ente debts before the Transaction General Journal Debit Credit Novac 8. Assume the ending raw materials wentary is $2.200 and the company does not use any indirect materials. Prepare a schedule of cost of goods manufactured. Do not leave any empty space input no wherever it is required) Schedule of Coal Good Manufactured Direct Tuna wewe Raw maten pronun $ Totage 0 Cost of good manufactured 1 9 Prepare the malenty to transfer costs from Work in Process to Finished Goods (if no entry is required for a transaction/event select "No journal entry required in the first account field) View transactions Journal entry worksheet > Record entry to transfer costs from works to Finished Goods Notes Tractie General Journal Credit 10. Prepare a completed Work in Process T-account including the beginning and ending balances and all debits and credits posted to the account (Do not leave any empty spaces: input wherever it is required.) Work in Process Beg til Endbal 1. Prepare a schedule of cost of goods sold. (Do not lenve any empty spaces: input a wherever it is required) Schedule of Cost of Gooda Soid Uraduced could goods sold 5 0 12. Prepare the journal entry to transfer cours from shed Goods to Cost of Goods Sold i no entry is required for a transaction event, select "No journal entry required in the first account field View transactions Journal entry worksheet Record entry to transfer costs from Finished Goods to cost of Goods Dahil Crede Transaction General Journal 1 Notes 13. What is the amount of underapplied or overapplied overhead? overhand 14. Prepare the journal entry to close the amount of underapplied or overapplied overhead to the appropriate account of no entry is required for transaction/event, select "No journal entry required in the first account tield. View transactions Journal entry worksheet 1 Record entry to case the amount of underappliec ce overapplied overhead to Cost of Goods Sold Emer det tar ca Debit Credit Transaction General Journal