Answered step by step
Verified Expert Solution
Question
1 Approved Answer
What is the plant wide, predetermined overhead rate _______ per MH Sweeten Company had no jobs in progress at the beginning of March and no
What is the plant wide, predetermined overhead rate _______ per MH
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 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 Molding Fabrication Total 2,500 1,500 4,000 $12,000 $16,200 $28,200 $ 2.20 $ 3.00 Job P. $21,000 $27,400 Job Q $12,000 $10,700 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 2,500 1,400 3,900 1,600 1,700 3,300 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. 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 departmental predetermined overhead rates with machine-hours as the allocation base in both departmentsStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started