Required information [The following information applies to the questions displayed below.] Sweeten Company had no jobs...
Fantastic news! We've Found the answer you've been seeking!
Question:
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/664d45f37c0ba_211664d45f3763e7.jpg)
Transcribed Image Text:
Required information [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 $ Job P 16,120 Job Q $ 9,920 Direct labor cost $ 26,040 $ 9,300 Actual machine-hours used: Molding 2,160. 990 Fabrication Total 740 2,900 1,070 2,060 Molding 3,100 $ 12,400 $ 1.40 Fabrication 1,860 $18,600 $ 2.20 Total 4,960 $ 31,000 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. 3. 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.) Manufacturing overhead applied Job P Job Q Required information [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 $ Job P 16,120 Job Q $ 9,920 Direct labor cost $ 26,040 $ 9,300 Actual machine-hours used: Molding 2,160. 990 Fabrication Total 740 2,900 1,070 2,060 Molding 3,100 $ 12,400 $ 1.40 Fabrication 1,860 $18,600 $ 2.20 Total 4,960 $ 31,000 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. 3. 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.) Manufacturing overhead applied Job P Job Q
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
Sketch the six graphs of the x- and y-components of position, velocity, and acceleration versus time for projectile motion with x 0 = y 0 = 0 and 0 < 0 < 90.
-
A realtor sold a house on August 31, 1997, for $150,000 to a buyer in which a 20% down payment was made. The buyer took a 15-year mortgage on the property with an effective interest rate of 8% per...
-
Show that the ground-state wave function and that of the first excited state of the harmonic oscillator are orthogonal; i.e., show that 0 (x) 1 (x) dx = 0.
-
1. CPA QUESTION Under the UCC Secured Transactions Article, perfection of a security interest by a creditor provides added protection against other parties in the event the debtor does not pay its...
-
Although Weaver Company has enough retained earnings legally to declare a dividend, its working capital is low. The board of directors is considering a stock dividend instead of a cash dividend. The...
-
E. Process Costing For the table given below select which accounts should to be debited or credited to complete the entries in process costing system. Assume perpetual inventory records are...
-
explain in details the workforce challenges hospitality industry is facing with current reliable academic references
-
At the end of 2017, Spotify, the music streaming service, ran a humorous campaign to encourage its users to share their data on what they listened to. The campaign was created entirely in-house, with...
-
1. (10 points.) A random sample of 25 customers is taken and their yearly value to the company is calculated. The calculated average value from the sample is $10 and the standard deviation calculated...
-
A local non-profit wants to develop a Java Based Bible Reading Application. They have recruited you to help them in this endeavor. The application will store the Bible text organized in instances of...
-
A spinner with numbers 1-10 and a normal six-sided die are spun and tossed at the same time. What is the probability of getting a sum equal to 14?
-
I have arranged to borrow $11,000 from my parents toward a holiday. I will repay the loan over 3 years in equal year-end payments. If the interest rate is 14.3% p.a. compounding monthly, my annual...
-
For the reinforced concrete section shown here (with 4 Re bars @20mm dia.) calculate the bending stress at B and C when subjected to a moment of 20 kNm. Use 20 GPa as the elastic modulus of concrete...
-
MgO prevents premature evaporation of Al in a furnace by maintaining the aluminum as Al2O3. Another type of matrix modifier prevents loss of signal from the atom X that readily forms the molecular...
-
\(\{11,24\}\) Find the least common multiple of the given set of numbers.
-
\(\{30,40\}\) Find the least common multiple of the given set of numbers.
-
\(\{38,077,9,088,687\}\) Find the least common multiple of the given set of numbers.
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App