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what was Sweeten Company's cost of goods sold for March? i need step by step explanation plus answer thanks. 5 & 5A SAVO Sweeten Company
what was Sweeten Company's cost of goods sold for March?
i need step by step explanation plus answer thanks.
5 & 5A SAVO 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 2,500 $13,250 $ 2.70 Fabrication Total 1,500 4,000 $16,95 $30,200 $ 3.50 Job P $26,000 $31,100 Job $14,500 $12,700 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 3,990 1,900 4,900 2,100 2,209 4,300 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. 9. What was Sweeten Company's cost of goods sold for March? (Do not round intermediate calculations.) Cost of goods soldStep by Step Solution
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