Answered step by step
Verified Expert Solution
Question
1 Approved Answer
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.
Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. The company has two manufacturing departmentsMolding and Fabrication. It started, completed, and sold only two jobs during MarchJob 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:
Molding Fabrication Total
Estimated total machinehours used
Estimated total fixed manufacturing overhead $ $ $
Estimated variable manufacturing overhead per machinehour $ $
Job P Job Q
Direct materials $ $
Direct labor cost $ $
Actual machinehours used:
Molding
Fabrication
Total
Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month.
Required:
For questions assume that Sweeten Company uses departmental predetermined overhead rates with machinehours as the allocation base in both departments and Job P included units and Job Q included units. For questions assume that the company uses a plantwide predetermined overhead rate with machinehours as the allocation base.
What was the companys plantwide predetermined overhead rate? Round your answer to decimal places.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started