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Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. It started only two jobs during MarchJob P and

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Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. It started only two jobs during MarchJob P and Job Q. Job P was completed and sold by the end of the March and Job Q was incomplete at the end of the March. The company uses a plantwide predetermined overhead rate based on direct labor-hours. 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. What is company's predetermined overhead rate? How much manufacture overhead was applied to Job P and Job Q? What was the total manufacturing cost assigned to Job P? If Job P includes 20 units, what is its unit product cost? What was the total manufacturing cost assigned to Job Q? If Job Q included 30 units, what was its unit product cost? 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 assuming 20 units were produced for Job P and 30 units were produced for Job Q? What was Sweeten Companys cost of goods sold for March? What were 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 included 20 units, what was its unit product cost? If Job Q included 30 units, what was its unit product cost? 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 assuming 20 units were produced for Job P and 30 units were produced for Job Q? What was Sweeten Companys cost of goods sold for March?
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): Estinated total machine-hours used Estinated total fixed manufacturing overhead Estinated variable manufacturing overhead per nachine-hour Molding Fabrication Total 4,000 $11,000 $15,600 $26,600 2,500 1,500 $ 1.80 2.60 Job Q $17,000 $10,000 $24,200 9,100 Job Direct materials Direct labor cost Actual machine-hours used Fabrication Total 2,100 ,000 3,100 1,200 1,300 2,500 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: 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 departmental predetermined overhead rates with machine-hours as the allocation base in both departments

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