nces [The following information applies to the questions displayed below.] Sweeten Company had no jobs in...
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nces [The following information applies to the questions displayed 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) Estimated total machine-hours used. Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine- hour Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total Job P $ 18,720 $ 30,240 2,440 860 3,300 Unit product cust Job Q $ 11,520. $ 10,800 1,150 1,310 2,460 Molding 3,600 $ 14,400 $ 1.40 Fabrication 2,160 $ 21,600 $ 2.20 Total 5,760 $36,000 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 13. If Job Q included 30 units, what was its unit product cost? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) nces [The following information applies to the questions displayed 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) Estimated total machine-hours used. Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine- hour Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total Job P $ 18,720 $ 30,240 2,440 860 3,300 Unit product cust Job Q $ 11,520. $ 10,800 1,150 1,310 2,460 Molding 3,600 $ 14,400 $ 1.40 Fabrication 2,160 $ 21,600 $ 2.20 Total 5,760 $36,000 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 13. If Job Q included 30 units, what was its unit product cost? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.)
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ANSWER To determine the unit product cost of Job Q we need to calc... View the full answer
Related Book For
Introduction to Managerial Accounting
ISBN: 978-1259917066
8th edition
Authors: Peter C. Brewer, Ray H Garrison, Eric Noreen
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