Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

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

image text in transcribed
image text in transcribed
Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. It started only two jobs during March-Job P and Job Q. 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 tall data and questions relate to the month of March Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per direct labour hour Estimated total direct labour-hours to be worked Total actual ufacturing overhead costs incurred $ 13,00 $1.00 . 15,500 Direct materials Direct labour Actual direct Labour-hours worked Job $ 16.000 535,300 2.200 Sub 9.100 5.100 550 8. Assume the ending raw materials inventory is $2.100 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 wherever it is required) Ney no 8. Assume the ending raw materials inventory is $2100 and the company does not use any indirect materias Prepare a schedule of cost of goods manufactured (Do not leave any empty spaces: input a wherever it is required) Scheda Cortof Goods factured rits Direct materials spoed Total raw materials available 0 bo Riomaterials used in production 5 Total manufacturing costs $ 0 Cost of goods manufactured w Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. It started only two jobs during March-Job P and Job Q. 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 tall data and questions relate to the month of March Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per direct labour hour Estimated total direct labour-hours to be worked Total actual ufacturing overhead costs incurred $ 13,00 $1.00 . 15,500 Direct materials Direct labour Actual direct Labour-hours worked Job $ 16.000 535,300 2.200 Sub 9.100 5.100 550 8. Assume the ending raw materials inventory is $2.100 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 wherever it is required) Ney no 8. Assume the ending raw materials inventory is $2100 and the company does not use any indirect materias Prepare a schedule of cost of goods manufactured (Do not leave any empty spaces: input a wherever it is required) Scheda Cortof Goods factured rits Direct materials spoed Total raw materials available 0 bo Riomaterials used in production 5 Total manufacturing costs $ 0 Cost of goods manufactured w

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image
Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Information For Decisions

Authors: Robert Ingram, Thomas L. Albright, Bruce A. Baldwin, John Hill

1st Edition

0538815388, 978-0538815383

More Books

Students explore these related Accounting questions

Question

2 . 2 What makes the balance sheet balance?

Answered: 3 weeks ago