Question
two manufacturing departmentsMolding and Fabrication. It started, completed, and sold only two jobs during MarchJob P and Job Q. The following additional information is available
two manufacturing departmentsMolding and Fabrication. It started, completed, and sold only two jobs during MarchJob 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):
MoldingFabricationTotalEstimated total machine-hours used2,5001,5004,000Estimated total fixed manufacturing overhead$15,000$18,000$33,000Estimated variable manufacturing overhead per machine-hour$3.40$4.20
Job PJob QDirect materials$33,000$18,000Direct labor cost$37,000$15,500Actual machine-hours used:Molding3,7002,800Fabrication2,6002,900Total6,3005,700
Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month.
Required:
For questions 1-9, 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 10-15, assume that the company uses a plantwide predetermined overhead rate with machine-hours as the allocation base.
Foundational 2-1 (Algo)
1. What were the company's predetermined overhead rates in the Molding Department and the Fabrication Department
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