Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories....
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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 Pand Q tall data and questions relate to the month of March) Nolding Fabrlcation 2,500 $14,250 Total Estimated total machine-hours used Estimated total fised manufacturing overhead Estinated veriable manufacturing overhead per machine-hour 1,50e $17,550 $3.90 4,e0 $31,00 $3.10 Job P $30,000 $34,600 Jeh 0 $16,500 $14,300 Direct matereials Direct labor cost Actual machine-hours used Holding Fabrication Tetal 3,400 2,500 EP300 5,700 5,100 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month Required: For questions 1-9, 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 unts For questions 10-15 assume that the company uses a plantwide predetermined overhead rate with machine-hours as the alocation base 1. What were the company's predetermined overhead rates in the Molding Department and the Fabrication Department? (Round your answers to 2 decimal places.) 2. How much manufacturing overhead was applied from the Molding Department to Job P and how much was applied to Job Q? (Do not round intermediate calculations.) Answer is complete but not entirely correct. 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.) 4. What was the total manufacturing cost assigned to Job P? (Do not round intermediate calculations.) 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 Pand Q tall data and questions relate to the month of March) Nolding Fabrlcation 2,500 $14,250 Total Estimated total machine-hours used Estimated total fised manufacturing overhead Estinated veriable manufacturing overhead per machine-hour 1,50e $17,550 $3.90 4,e0 $31,00 $3.10 Job P $30,000 $34,600 Jeh 0 $16,500 $14,300 Direct matereials Direct labor cost Actual machine-hours used Holding Fabrication Tetal 3,400 2,500 EP300 5,700 5,100 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month Required: For questions 1-9, 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 unts For questions 10-15 assume that the company uses a plantwide predetermined overhead rate with machine-hours as the alocation base 1. What were the company's predetermined overhead rates in the Molding Department and the Fabrication Department? (Round your answers to 2 decimal places.) 2. How much manufacturing overhead was applied from the Molding Department to Job P and how much was applied to Job Q? (Do not round intermediate calculations.) Answer is complete but not entirely correct. 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.) 4. What was the total manufacturing cost assigned to Job P? (Do not round intermediate calculations.)
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Related Book For
Introduction to Managerial Accounting
ISBN: 978-0078025792
7th edition
Authors: Peter Brewer, Ray Garrison, Eric Noreen
Posted Date:
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