15 cost for the coming period and variable manufacturing overhead of $3.30 per machine-hour. Because Sw....
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15 cost for the coming period and variable manufacturing overhead of $3.30 per machine-hour. Because Sw. n 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: Direct materials Direct labor cost Actual machine-hours used: Molding, Fabricati Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour The direct materials cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows: Total Job P $ 29,000 $ 33,800 Molding Fabrication 2,500 1,500 $ 17,400 $ 3.80 $ 14,000 $ 3.00 3,300 2,200 5,500 Job Q $ 16,000 $ 13,900 Total 2,400 2,500 4,900 4,000 $ 31,400 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 2-13 (Algo) 13. If Job Q includes 30 units, what is its unit product cost? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) 13. If Job Q includes 30 units, what is its unit product cost? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) Answer is complete but not entirely correct. 3,409 x Unit product cost because sweeten has two manuiacturing departments-moiding and rauncation is considering replacing its plantide 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: Estimate al machine-hours used Estimatea tal fixed manufacturing overhead Molding Fabrication 2,500 1,500 $ 17,400 $ 3.80 Estimated variable manufacturing overhead per machine-hour $ 14,000 $ 3.00 The direct materials cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows: Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total Job P $ 29,000 $ 33,800 3,300 2,200 5,500 Job Q $ 16,000 $ 13,900 2,400 2,500 4,900 Total 4,000 $ 31,400 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 2-15 (Algo) 15. What is Sweeten Company's cost of goods sold for the year? (Do not round intermediate calculations.) Answer is complete but not entirely correct. Cost of goods sold $ 227,340 es 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 tote Estimated tot Estimated vari Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication chine-hours used xed manufacturing overhead manufacturing overhead per machine-hour The direct materials cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows: Job P $ 29,000 $ 33,800 Manufacturing overhead applied 3,300 2,200 5,500 Job P Molding Fabrication 2,500 1,500 $ 14,000 $ 17,400 $3.00 $ 3.80 Job Q $ 16,000 $ 13,900 Job Q Total 2,400 2,500 4,900 Total 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. 4,000 $ 31,400 Foundational 2-11 (Algo) 11. How much manufacturing overhead was applied from the Fabrication Department to Job P and how much was applied to Job Q? (Do not round intermediate calculations.) 15 cost for the coming period and variable manufacturing overhead of $3.30 per machine-hour. Because Sw. n 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: Direct materials Direct labor cost Actual machine-hours used: Molding, Fabricati Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour The direct materials cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows: Total Job P $ 29,000 $ 33,800 Molding Fabrication 2,500 1,500 $ 17,400 $ 3.80 $ 14,000 $ 3.00 3,300 2,200 5,500 Job Q $ 16,000 $ 13,900 Total 2,400 2,500 4,900 4,000 $ 31,400 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 2-13 (Algo) 13. If Job Q includes 30 units, what is its unit product cost? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) 13. If Job Q includes 30 units, what is its unit product cost? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) Answer is complete but not entirely correct. 3,409 x Unit product cost because sweeten has two manuiacturing departments-moiding and rauncation is considering replacing its plantide 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: Estimate al machine-hours used Estimatea tal fixed manufacturing overhead Molding Fabrication 2,500 1,500 $ 17,400 $ 3.80 Estimated variable manufacturing overhead per machine-hour $ 14,000 $ 3.00 The direct materials cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows: Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total Job P $ 29,000 $ 33,800 3,300 2,200 5,500 Job Q $ 16,000 $ 13,900 2,400 2,500 4,900 Total 4,000 $ 31,400 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 2-15 (Algo) 15. What is Sweeten Company's cost of goods sold for the year? (Do not round intermediate calculations.) Answer is complete but not entirely correct. Cost of goods sold $ 227,340 es 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 tote Estimated tot Estimated vari Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication chine-hours used xed manufacturing overhead manufacturing overhead per machine-hour The direct materials cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows: Job P $ 29,000 $ 33,800 Manufacturing overhead applied 3,300 2,200 5,500 Job P Molding Fabrication 2,500 1,500 $ 14,000 $ 17,400 $3.00 $ 3.80 Job Q $ 16,000 $ 13,900 Job Q Total 2,400 2,500 4,900 Total 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. 4,000 $ 31,400 Foundational 2-11 (Algo) 11. How much manufacturing overhead was applied from the Fabrication Department to Job P and how much was applied to Job Q? (Do not round intermediate calculations.)
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Lets solve each of the questions one by one Question 13 Unit product cost for Job Q when Job Q includes 30 units First we need to find the overhead rates for both departments We have the following inf... View the full answer
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Managerial Accounting
ISBN: 978-1259307416
16th edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer
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