Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

^ Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. What was the companys plantwide predetermined overhead rate? (Round your answer

image text in transcribed

^ Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month.

  1. What was the companys plantwide predetermined overhead rate? (Round your answer to 2 decimal places.)

a) $1.40 per MH

b) $1.40 per DLH

c) $2.20 per DLH

d) $2.20 per MH

e) $7.95 per DLH

f) $7.95 per MH

2. What was the total manufacturing cost assigned to Job P using a plantwide predetermined overhead rate (POHR)? (Do not round intermediate calculations.)

a) $18,285

b) $52,285

c) $29,015

d) $13,515

3. What was the companys departmental predetermined overhead rate in the Molding Department? (Round your answer to 2 decimal places.)

a) $12.20 per MH

b) $5.40 per MH

c) $12.20 per DLH

d) $5.40 per DLH

4. If the company uses the departmental manufacturing overhead rates, how much manufacturing overhead was applied from the Fabrication Department to Job P? (Do not round intermediate calculations.)

a) $7,320

b) $9,180

c) $10,980

d) $4,320

5. The manufacturing overhead (MOH) applied to the job is the same if the company uses a plantwide POHR or if the company uses a departmental POHR.

True or False?

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 romnanv ac a whole and for Inhe P and Iall data and cul iectionc relate to

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_2

Step: 3

blur-text-image_3

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

Factory Accounts

Authors: John Whitmore

1st Edition

0367494825, 9780367494827

More Books

Students also viewed these Accounting questions

Question

What appraisal intervals are often used in appraisal reviews?

Answered: 1 week ago

Question

What are the various alternatives?

Answered: 1 week ago