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This question has 8 part if you know you can't do all, please don't waste the question. thank you. part 1 part2 part 3 part
This question has 8 part if you know you can't do all, please don't waste the question. thank you. part 1
part2
part 3
part 4
part 5
part 6
part 7
part 8
chapter 2
1 Sweeten Company had no jobs in progress at the beginning of the year and no beginning inventories. It started, completed, and sold only two jobs during the year-Job P and Job Q. The company uses a plantwide predetermined overhead rate based on machine-hours. At the beginning of the year, it estimated that 4,000 machine-hours would be required for the period's estimated level of production. Sweeten also estimated $25,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $1.70 per machine-hour. Fart 1 of 8 Because Sweeten has two manufacturing departments-Molding and Fabrication-it is considering replacing its plantwide overhead rate with departmental rates that would also be based on machine-hours. The company gathered the following additional information to enable calculating departmental overhead rates: Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour ints Molding 2,500 $ 10,000 $ 1.40 Fabrication 1,500 $ 15,000 $ 2.20 Total 4,000 $ 25,000 Skipped The direct materials cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows: eBook Job P $ 13,000 $ 21,000 Job Q $ 8,000 $ 7,500 References Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 1,700 600 2,300 800 900 1,700 Sweeten Company had no overapplied or underapplied manufacturing overhead costs during the year. Required: Save & E VI ELL lauw LUSL 24uvo PUU Actual machine-hours used: Molding Fabrication Total 1,700 600 2,300 800 900 1,700 Sweeten Company had no overapplied or underapplied manufacturing overhead costs during the year. Required: For questions 1-8, assume 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 predetermined departmental overhead rates with machine-hours as the allocation base in both departments. Foundational 2-1 (Static) 1. What is the company's plantwide predetermined overhead rate? (Round your answer to 2 decimal places.) Predetermined overhead rate per MH Fabrication Total 600 2,300 900 1,700 Sweeten Company had no overapplied or underapplied manufacturing overhead costs during the year. Required: For questions 1-8, assume 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 predetermined departmental overhead rates with machine-hours as the allocation base in both departments. Foundational 2-2 (Static) 2. How much manufacturing overhead was applied to Job P and how much was applied to Job Q? (Do not round intermediate calculations.) Job P Job Q Manufacturing overhead applied Sweeten Company had no overapplied or underapplied manufacturing overhead costs during the year. Required: For questions 1-8, assume 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 predetermined departmental overhead rates with machine-hours as the allocation base in both departments. Foundational 2-3 (Static) 3. What is the total manufacturing cost assigned to Job P? (Do not round intermediate calculations. Round your final ans nearest whole dollar.) Total manufacturing cost Sweeten Company had no overapplied or underapplied manufacturing overhead costs during the year. Required: For questions 1-8, assume 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 predetermined departmental overhead rates with machine-hours as the allocation base in both departments. Foundational 2-4 (Static) 4. If Job P includes 20 units, what is its unit product cost? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) Unit product cost Sweeten Company had no overapplied or underapplied manufacturing overhead costs during the year. Required: For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rate with m hours as the allocation base. For questions, 9-15, assume that the company uses predetermined departm overhead rates with machine-hours as the allocation base in both departments. Foundational 2-5 (Static) 5. What is the total manufacturing cost assigned to Job Q? (Do not round intermediate calculations.) Total manufacturing cost atlon Total 600 2,300 900 1,700 Sweeten Company had no overapplied or underapplied manufacturing overhead costs during the ye Required: For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead ratew hours as the allocation base. For questions, 9-15, assume that the company uses predetermined de overhead rates with machine-hours as the allocation base in both departments. Foundational 2-6 (Static) 6. If Job Q includes 30 units, what is its unit product cost? (Do not round intermediate calculations. Rou nearest whole dollar.) Unit product cost Required: For questions 1-8, assume 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 predetermined departmental overhead rates with machine-hours as the allocation base in both departments. Foundational 2-7 (Static) 7. Assume that Sweeten Company uses cost-plus pricing (and a markup percentage of 80% of total manufacturing cost) to establish selling prices for all of its jobs. If Job P includes 20 units and Job Q includes 30 units, what selling price would the company establish for Jobs P and Q? What are the selling prices for both jobs when stated on a per unit basis? (Do not round intermediate calculations. Round your final answers to nearest whole dollar.) Job P Job Q Total price for the job Selling price per unit Job P $ 13,000 $ 21,000 Job Q $ 8,000 $ 7,500 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 1,700 600 2,300 800 900 1,700 Sweeten Company had no overapplied or underapplied manufacturing overhead costs during the year. Required: For questions 1-8, assume 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 predetermined departmental overhead rates with machine-hours as the allocation base in both departments. Foundational 2-8 (Static) 8. What is Sweeten Company's cost of goods sold for the year? (Do not round intermediate calculations.) Cost of goods soldStep by Step Solution
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