Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Sweeten Company Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories The company has two manufacturing departments-Molding and

Sweeten Company 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 O (all data and questions relate to the month of March Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable nanufacturing overhead per machine-hour 2,500 1,500 4,000 $11,250 $15,75027,000 $ 1.90 2.70 Direct materials Direct labor cost Actual machine-hours used Molding Fabrication Total $18,000 $10, 500 $25,000 9,500 2,200 1,300 1,1001:400 2,700 3, 300 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1-8, assumie 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 15. What was Sweeten Company's cost of goods sold for March? (Do not round intermediate calculations.)

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

Students also viewed these Accounting questions

Question

Discuss all branches of science

Answered: 1 week ago