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):

Estimated total fixed manufacturing overhead	$	14,000
Estimated variable manufacturing overhead per direct labor-hour	$	1.40
Estimated total direct labor-hours to be worked		3,500
Total actual manufacturing overhead costs incurred	$	19,000

	Job P		Job Q
Direct materials	$	15,000	$	9,500
Direct labor cost	$	52,000	$	15,000
Actual direct labor-hours worked		2,600		750

1.

value: 0.30 points

Required information

Required:

1.

What is the companys predetermined overhead rate? (Round your answers to 2 decimal places.) How much manufacturing overhead was applied to Job P and Job Q? What is the direct labor hourly wage rate for Job P and Job Q? If Job P includes 40 units, what is its unit product cost? What is the total amount of manufacturing cost assigned to Job Q as of the end of March (including applied overhead)? Assume the ending raw materials inventory is $2,500 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.) (record the purchase of raw materials on account, record the issuance of direct materials for use in production). Assume that the company does not use any indirect labor. Prepare the journal entry to record the direct labor costs added to production. ( record entry to direct labor cost added to production) Assume the ending raw materials inventory is $2,500 and the company does not use any indirect materials. Prepare a schedule of cost of goods manufactured. total raw materials avaliabl

8. Assume the ending raw materials inventory is $2,500 and the company does not use any indirect materials. Prepare a schedule of cost of goods manufactured. Schedule of Cost of Goods Manufactured Direct materials Total raw materials available Raw materials used in production Total manufacturing costs Cost of goods manufactured