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. 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): 6 of 15 Molding Fabrication Total 2,500 $13,250 $ 2.70 1,500 $16,950 3.50 Estimated total machine-hours used 4,000 $30,200 Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour ook Job P $26,000 $31,400 Job Q $14,500 $12,700 Direct materials Direct labor cost Actual machine-hours used: Molding rint rences 3,000 2,100 2,200 4,300 Fabrication 1,900 4,900 Total Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. For questions 9-15, assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments. Job P $26,000 $31,400 Job Q $14,500 $12,700 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication 2,100 2,200 4,300 3,000 1,900 art 6 of 15 4,900 Total Sweeten Company had no underapplied overapplied manufacturing overhead costs during the month. ints or Required: For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. For questions 9-15, assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments. eBook Print References Foundational 2-6 6. If Job Q included 30 units, what was its unit product cost? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) Unit product cost
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