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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 addltional Information is avallable 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 machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour 2,580 1,58e 4,880 $18,758 $15,458 $26, 288 $1.72.5 Job P Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total $16,880 9,586 $23,480 $8,788 2,eee 980 2,98e 1,100 1,28e 2,38e Sweeten Company had no underapplled 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. Foundational 2-15 15. What was Sweeten Company's cost of goods sold for March? (Do not round Intermedlate calculations.)
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