Thank you for your help in advance. I am having issues working these problems out.
Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. It started only two jobs during MarchJob P and Job 0. Job F' was completed and sold by the end of March and Job 0 was incomplete at the end of March. The company uses a plantwide predetermined overhead rate based on direct laborhours. The following additional information is available for the companyr as a whole and for Jobs P and 0 {all data and questions relate to the month of March]: Estimated total fixed manufacturing overhead $ WEED Estimated variable manufacturing overhead per direct labor-hour $ 1.10 Estimated total direct laborhours to be worked 2,100 Total actual manufacturing overhead costs Incurred $ 12,600 | Job P Job 0 Direct materials 5 i4,DD $ 8,100 Direct labor cost 5 MADE) $ rn Actual direct labor-hours worked 12oo 550 ' Required :" 1 . What is the company's predetermined overhead rate ? ( Round your answer to 2 decimal places . ] Predetermined overhead rate NET DLH2. How much manufacturing overhead was applied to Job P and Job ? Job P Job Q Manufacturing overhead applied3. What is the direct labor hourly wage rate ?" Job P Job Q Direct labor hourly wage rate4 . If Job P includes 19 units , what is it's unit product cost ? Unit product cost5 What is the total amount of manufacturing cost assigned to Job @ as of the end of March ( including applied overhead! ?" Total manufacturing cost\fT. Will your answer to question 6 increase or decrease unadjusted cost of goods sold ? ` Decrease @) Increase8 . If Sweeten Company requisitioned $ 24, 600 from raw materials inventory during March , then how much indirect materials cost would be included in Manufacturing Overhead Incurred ?" Overhead Incurred9 . If Sweeten Company's labor time tickets totaled $25,000 for the month of March , then how much indirect labor cost would be included in Manufacturing Overhead Incurred?" Indirect labor included in Manufacturing Overhead Incurred 127, 500)10. Calculate the cost of goods sold using the direct method . Cost of goods sold11 . Calculate the cost of goods manufactured using the indirect method . Cost of goods manufactured12. Calculate the cost of goods sold using the indirect method . Cost of goods sold13. How would you revise your answer to question IT if the company had beginning work in process inventory of $8, 1007 Cost of goods manufactured14 . How would you revise your answer to question 12 if the company had beginning finished goods inventory of $12, 100? Cost of goods sold