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	$	14,800
Estimated variable manufacturing overhead per direct labor-hour	$	1.60
Estimated total direct labor-hours to be worked		3,700
Total actual manufacturing overhead costs incurred	$	21,000

	Job P		Job Q
Direct materials	$	21,500	$	9,700
Direct labor cost	$	44,800	$	12,000
Actual direct labor-hours worked		2,800		750

Required:

1.	What is the companys predetermined overhead rate?

Predetermined overhead rate

per DLH

2.	How much manufacturing overhead was applied to Job P and Job Q?

	Job P	Job Q
Manufacturing overhead applied

check my workreferencesebook & resources

3.	What is the direct labor hourly wage rate?

	Job P	Job Q
Direct labor hourly wage rate

4-a.	If Job P includes 20 units, what is its unit product cost?

Unit product cost

4-b.	What is the total amount of manufacturing cost assigned to Job Q as of the end of March (including applied overhead)?

Total manufacturing cost

5.

Assume the ending raw materials inventory is $2,700 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.)

6.	Assume that the company does not use any indirect labor. Prepare the journal entry to record the direct labor costs added to production. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

8.

Assume the ending raw materials inventory is $2,700 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

10.	Prepare a completed Work in Process T-account including the beginning and ending balances and all debits and credits posted to the account.

Work in Process
Beg. bal.
End. bal.

11.	Prepare a schedule of cost of goods sold.

Schedule of Cost of Goods Sold
Unadjusted cost of goods sold

13.	What is the amount of underapplied or overapplied overhead?

15.	Assume that Job P includes 20 units that each sell for $5,000 and that the companys selling and administrative expenses in March were $10,000. Prepare an absorption costing income statement for March.

Income Statement for March