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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
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): Holding Fabrication Total Estimated total machine-hours used 4,400 2,640 7,040 Estimated total fixed manufacturing overhead 517,600 $26,400 $44,000 Estimated variable manufacturing overhead per machine-hour $ 1.40 $ 2.20 Job 322,880 $36,960 Job O $14,080 $13,200 Direct materials Direct labor cost Actual machine-hours used: Holding Fabrication Total 3,040 1,060 4,100 1,410 1,330 2, 940 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month Required: For questions 1-9, assume that Sweeten Company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments and Job Pincluded 20 units and Job included 30 units. For questions 10-15, 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 your answers to 2 decimal places.) Answer is complete but not entirely correct. Predetermined Overhead Rate Molding Department $ 4.00 per MH Fabrication Department S 10.15 por MH
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