Question: please answer Req information 'The following information applies to the questions displayed below.) Sweeten Company had nojobs in progress at the beginning Ofthe year and

please answer
Req information 'The following information applies to the questions displayed below.) Sweeten
Company had nojobs in progress at the beginning Ofthe year and no
beginning inventories. It started. completed. and sold only two jobs during the
yearJob P and Job Q. The company uses a plantwide predetermined overhead
rate based on machine-hours. At the beginning of the it estimated that
4.000 machine-hours would be required for the estimated level of production. Sweeten
also estimated $27000 of fixed manufacturing overhead cost for the coming period
and variable manufacturing overhead of S2_20 per machine-hour. Because Sweeten has two
manufacturing departmentsMolding and Fabricationit 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 total
machinehours used Estiated totat fixed manufactursng overhead 2,5de 1,500 4, eee $
11,2se $ 15,750 $ Estiated variable manufacturing overhead per chinehour t. 9

Req information 'The following information applies to the questions displayed below.) Sweeten Company had nojobs in progress at the beginning Ofthe year and no beginning inventories. It started. completed. and sold only two jobs during the yearJob P and Job Q. The company uses a plantwide predetermined overhead rate based on machine-hours. At the beginning of the it estimated that 4.000 machine-hours would be required for the estimated level of production. Sweeten also estimated $27000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of S2_20 per machine-hour. Because Sweeten has two manufacturing departmentsMolding and Fabricationit 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 total machinehours used Estiated totat fixed manufactursng overhead 2,5de 1,500 4, eee $ 11,2se $ 15,750 $ Estiated variable manufacturing overhead per chinehour t. 9 2.70 The direct materials cost. direct labor Cost. and machine-hours usedfor Jobs P and O are as follows: Direct materials Direct tabor cost Actual machine-hours Molding Fabrication Total used: s lg.ee s 2s,ee 2, 20 s 9,sa 1,3ee Sweeten Company had no overapplied or underapplied manufacturln9 overhead costs during the year. Required: For questions 18. assume that Sweeten Company uses a plantwide predetermined osnrhead rate with machine-hours as the allocation base. For questions. 9-15. assume that the company uses predetermined depanrnental overhead rates With rnachlne.hours as the allocation base in both departments.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!