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[The following information applies to the Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. The company
[The following information applies to the Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. The company has i 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 Direct materials Job P $13,000 Job 0 $8,000 Direct labor cost $21,000 $7,500 Actual machine-hours used: Molding 1,700 Fabrication 600 00 900 Total 2,300) 1,700 Holding 2,500 $10,000 $ 1.40 Fabrication 1,500 $ 15,000 Total 4,000 $ 25,000 $2.20 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month Required: For questions 1 to 9, 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 Q included 30 units. For questions 10 to 15, assume that the company uses a plantwide predetermined overhead rate with machine-hours as the allocation base.
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