Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

yucu uispiayed below! Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. The company has two manufacturing departments-Molding

image text in transcribed
yucu uispiayed below! 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): Fabrication 2,340 $ 23,400 $ 2.20 Total 6,240 $ 39,000 Molding Estimated total machine-hours used 3,900 Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per $ 15,600 machine-hour $ 1.40 Job P Job, o Direct materials $ 20,280 $ 12,480 Direct labor cost $ 32,760 $ 11,700 Actual machine-hours used: Molding 2,660 1,250 Fabrication 940 1,390 Total 3,600 2,640 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. 15. What was Sweeten Company's cost of goods sold for March? (Do not round intermediate calculations.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer

13th Edition

978-0073379616, 73379611, 978-0697789938

More Books

Students also viewed these Accounting questions

Question

How does mitosis differ from meiosis?

Answered: 1 week ago