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. The company has two manufacturing departments-Molding and Fabrication. It

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
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): Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine hour Molding Fabrication total 2,500 1,500 4,900 $10,000 $ 15,000 $25,000 $ 1.40 $ 2/20 Job o Job $13,000 $21,000 $8.000 $7,500 Direct materials Direct labor cost Actual machine hours used Molding Fabrication Total 1,700 COD 800 900 1700 2.300 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month Required: For questions 1-9, assume that Sweeten Company uses departmental predetermined overhead tates with machine hours as the allocation base in both departments and Job Pincluded 20 units and Job included 30 units. For questions 10-15 assume that the company uses a plantwide predetermined overhead rate with machine hours as the allocation base. 7. If Job O 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 5. If Job P Included 20 units what was its unit product cost? (Do not round intermediate calculatio Unit product cost 3. How much manufacturing overhead was applied from the Fabrication Department to Job P and how much was applied to Job Q? (Do not round Intermediate calculations.) Job Job P 31.800 Manufacturing overhead applied 2. How much manufacturing overhead was applied from the Molding Department to job and how much was applied to Job Q2 (Do not round Intermediate calculations.) Job P Job Manufacturing overhead poled 5 Job Job $13,000 $21,000 $8,000 $7,500 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 1,700 600 2,300 800 900 1,700 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month Required: For questions 19 assume that Sweeten Company uses departmental predetermined overhead rates with machine hours as the allocation base in both departments and Job P Included 20 units and Job included 30 units. For questions 10-15 assume that the company uses a plantwide predetermined overhead rate with machine hours as the allocation base 1. What were the company's predetermined overhead roles in the Molding Department and the Fabrication Department (Round your answers to 2 decimal places) Predetermined Overhead Rate Molding Department Fabrication Department loor

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

Step: 3

blur-text-image

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

IT Auditing And Sarbanes Oxley Compliance Key Strategies For Business Improvement

Authors: Dimitris N. Chorafas

1st Edition

036738650X, 978-0367386504

More Books

Students also viewed these Accounting questions

Question

Organizing Your Speech Points

Answered: 1 week ago