Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Sweeten Company had nojobs in progress at the beginning of March and no beginning inventories. It started only twojobs during Marchjob P andjob 0. Job
Sweeten Company had nojobs in progress at the beginning of March and no beginning inventories. It started only twojobs during Marchjob P andjob 0. Job P, consisting of 30 units, was completed and sold by the end of the March butjob Q was still incomplete. The company uses a plantwide predetermined overhead rate based on direct labour-hours. The following additional information is available for the company as a whole and forjobs P and Q (all data and questions relate to the month of March): Estimated total fixed manufacturing overhead $ 14,966 Estimated variable manufacturing overhead per direct labourhour $ 1.86 Estimated total direct labour-hours to be worked 2,866 Total actual manufacturing overhead costs incurred 5 17,206 Job P Job Q Direct materials $17,769 :5 8,898 Direct labour cost $36,106 :3 8,558 Actual direct labourhours worked 1,966 458 Required: 3. What is the product cost per unit ofjob P? (Do not round intermediate calculations.) $ 2,224 b. What is the total amount of manufacturing cost assigned to job Q as of the end of March (including applied overhead)? (Do not round intermediate calculations.) Total manufacturing 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