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Sweeten Company had no jobs in progress at the beginning of March and to 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 $ 18,200 $ 29,400 2,360 840 3,200 Job Q $ 11,200 $ 10,500 1,120 1,280 2,400 Molding 3,500 $ 14,000 $ 1.40 Fabrication 2,100 $ 21,000 $ 2.20 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Total 5,600 $ 35,000 For questions, assume that the company uses a plant wide predetermined overhead rate with machine-hours as the allocation base. 10. What was the company's plantwide predetermined overhead rate? (Round your answer to 2 decimal places.) Predetermined overhead rate per MH 11. How much manufacturing overhead was applied to Job P and how much was applied to Job Q? (Do not round intermediate calculations.) 12. If Job P included 20 units, what was its unit product cost? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) Unit product cost 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.) Unit product cost 14. Assume that Sweeten Company used cost-plus pricing (and a markup percentage of 80% of total manufacturing cost) to establish selling prices for all of its jobs. What selling price would the company have established for Jobs P and Q? What are the selling prices for both jobs when stated on a per unit basis? (Do not round intermediate calculations. Round your final answers to nearest whole dollar) 15. What was Sweeten Company's cost of goods sold for March? (Do not round intermediate calculation Cost of goods sold Sweeten Company had no jobs in progress at the beginning of March and to 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 $ 18,200 $ 29,400 2,360 840 3,200 Job Q $ 11,200 $ 10,500 1,120 1,280 2,400 Molding 3,500 $ 14,000 $ 1.40 Fabrication 2,100 $ 21,000 $ 2.20 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Total 5,600 $ 35,000 For questions, assume that the company uses a plant wide predetermined overhead rate with machine-hours as the allocation base. 10. What was the company's plantwide predetermined overhead rate? (Round your answer to 2 decimal places.) Predetermined overhead rate per MH 11. How much manufacturing overhead was applied to Job P and how much was applied to Job Q? (Do not round intermediate calculations.) 12. If Job P included 20 units, what was its unit product cost? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) Unit product cost 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.) Unit product cost 14. Assume that Sweeten Company used cost-plus pricing (and a markup percentage of 80% of total manufacturing cost) to establish selling prices for all of its jobs. What selling price would the company have established for Jobs P and Q? What are the selling prices for both jobs when stated on a per unit basis? (Do not round intermediate calculations. Round your final answers to nearest whole dollar) 15. What was Sweeten Company's cost of goods sold for March? (Do not round intermediate calculation Cost of goods sold Sweeten Company had no jobs in progress at the beginning of March and to 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 $ 18,200 $ 29,400 2,360 840 3,200 Job Q $ 11,200 $ 10,500 1,120 1,280 2,400 Molding 3,500 $ 14,000 $ 1.40 Fabrication 2,100 $ 21,000 $ 2.20 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Total 5,600 $ 35,000 For questions, assume that the company uses a plant wide predetermined overhead rate with machine-hours as the allocation base. 10. What was the company's plantwide predetermined overhead rate? (Round your answer to 2 decimal places.) Predetermined overhead rate per MH 11. How much manufacturing overhead was applied to Job P and how much was applied to Job Q? (Do not round intermediate calculations.) 12. If Job P included 20 units, what was its unit product cost? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) Unit product cost 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.) Unit product cost 14. Assume that Sweeten Company used cost-plus pricing (and a markup percentage of 80% of total manufacturing cost) to establish selling prices for all of its jobs. What selling price would the company have established for Jobs P and Q? What are the selling prices for both jobs when stated on a per unit basis? (Do not round intermediate calculations. Round your final answers to nearest whole dollar) 15. What was Sweeten Company's cost of goods sold for March? (Do not round intermediate calculation Cost of goods sold Sweeten Company had no jobs in progress at the beginning of March and to 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 $ 18,200 $ 29,400 2,360 840 3,200 Job Q $ 11,200 $ 10,500 1,120 1,280 2,400 Molding 3,500 $ 14,000 $ 1.40 Fabrication 2,100 $ 21,000 $ 2.20 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Total 5,600 $ 35,000 For questions, assume that the company uses a plant wide predetermined overhead rate with machine-hours as the allocation base. 10. What was the company's plantwide predetermined overhead rate? (Round your answer to 2 decimal places.) Predetermined overhead rate per MH 11. How much manufacturing overhead was applied to Job P and how much was applied to Job Q? (Do not round intermediate calculations.) 12. If Job P included 20 units, what was its unit product cost? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) Unit product cost 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.) Unit product cost 14. Assume that Sweeten Company used cost-plus pricing (and a markup percentage of 80% of total manufacturing cost) to establish selling prices for all of its jobs. What selling price would the company have established for Jobs P and Q? What are the selling prices for both jobs when stated on a per unit basis? (Do not round intermediate calculations. Round your final answers to nearest whole dollar) 15. What was Sweeten Company's cost of goods sold for March? (Do not round intermediate calculation Cost of goods sold Sweeten Company had no jobs in progress at the beginning of March and to 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 $ 18,200 $ 29,400 2,360 840 3,200 Job Q $ 11,200 $ 10,500 1,120 1,280 2,400 Molding 3,500 $ 14,000 $ 1.40 Fabrication 2,100 $ 21,000 $ 2.20 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Total 5,600 $ 35,000 For questions, assume that the company uses a plant wide predetermined overhead rate with machine-hours as the allocation base. 10. What was the company's plantwide predetermined overhead rate? (Round your answer to 2 decimal places.) Predetermined overhead rate per MH 11. How much manufacturing overhead was applied to Job P and how much was applied to Job Q? (Do not round intermediate calculations.) 12. If Job P included 20 units, what was its unit product cost? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) Unit product cost 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.) Unit product cost 14. Assume that Sweeten Company used cost-plus pricing (and a markup percentage of 80% of total manufacturing cost) to establish selling prices for all of its jobs. What selling price would the company have established for Jobs P and Q? What are the selling prices for both jobs when stated on a per unit basis? (Do not round intermediate calculations. Round your final answers to nearest whole dollar) 15. What was Sweeten Company's cost of goods sold for March? (Do not round intermediate calculation Cost of goods sold Sweeten Company had no jobs in progress at the beginning of March and to 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 $ 18,200 $ 29,400 2,360 840 3,200 Job Q $ 11,200 $ 10,500 1,120 1,280 2,400 Molding 3,500 $ 14,000 $ 1.40 Fabrication 2,100 $ 21,000 $ 2.20 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Total 5,600 $ 35,000 For questions, assume that the company uses a plant wide predetermined overhead rate with machine-hours as the allocation base. 10. What was the company's plantwide predetermined overhead rate? (Round your answer to 2 decimal places.) Predetermined overhead rate per MH 11. How much manufacturing overhead was applied to Job P and how much was applied to Job Q? (Do not round intermediate calculations.) 12. If Job P included 20 units, what was its unit product cost? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) Unit product cost 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.) Unit product cost 14. Assume that Sweeten Company used cost-plus pricing (and a markup percentage of 80% of total manufacturing cost) to establish selling prices for all of its jobs. What selling price would the company have established for Jobs P and Q? What are the selling prices for both jobs when stated on a per unit basis? (Do not round intermediate calculations. Round your final answers to nearest whole dollar) 15. What was Sweeten Company's cost of goods sold for March? (Do not round intermediate calculation Cost of goods sold Sweeten Company had no jobs in progress at the beginning of March and to 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 $ 18,200 $ 29,400 2,360 840 3,200 Job Q $ 11,200 $ 10,500 1,120 1,280 2,400 Molding 3,500 $ 14,000 $ 1.40 Fabrication 2,100 $ 21,000 $ 2.20 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Total 5,600 $ 35,000 For questions, assume that the company uses a plant wide predetermined overhead rate with machine-hours as the allocation base. 10. What was the company's plantwide predetermined overhead rate? (Round your answer to 2 decimal places.) Predetermined overhead rate per MH 11. How much manufacturing overhead was applied to Job P and how much was applied to Job Q? (Do not round intermediate calculations.) 12. If Job P included 20 units, what was its unit product cost? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) Unit product cost 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.) Unit product cost 14. Assume that Sweeten Company used cost-plus pricing (and a markup percentage of 80% of total manufacturing cost) to establish selling prices for all of its jobs. What selling price would the company have established for Jobs P and Q? What are the selling prices for both jobs when stated on a per unit basis? (Do not round intermediate calculations. Round your final answers to nearest whole dollar) 15. What was Sweeten Company's cost of goods sold for March? (Do not round intermediate calculation Cost of goods sold Sweeten Company had no jobs in progress at the beginning of March and to 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 $ 18,200 $ 29,400 2,360 840 3,200 Job Q $ 11,200 $ 10,500 1,120 1,280 2,400 Molding 3,500 $ 14,000 $ 1.40 Fabrication 2,100 $ 21,000 $ 2.20 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Total 5,600 $ 35,000 For questions, assume that the company uses a plant wide predetermined overhead rate with machine-hours as the allocation base. 10. What was the company's plantwide predetermined overhead rate? (Round your answer to 2 decimal places.) Predetermined overhead rate per MH 11. How much manufacturing overhead was applied to Job P and how much was applied to Job Q? (Do not round intermediate calculations.) 12. If Job P included 20 units, what was its unit product cost? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) Unit product cost 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.) Unit product cost 14. Assume that Sweeten Company used cost-plus pricing (and a markup percentage of 80% of total manufacturing cost) to establish selling prices for all of its jobs. What selling price would the company have established for Jobs P and Q? What are the selling prices for both jobs when stated on a per unit basis? (Do not round intermediate calculations. Round your final answers to nearest whole dollar) 15. What was Sweeten Company's cost of goods sold for March? (Do not round intermediate calculation Cost of goods sold Sweeten Company had no jobs in progress at the beginning of March and to 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 $ 18,200 $ 29,400 2,360 840 3,200 Job Q $ 11,200 $ 10,500 1,120 1,280 2,400 Molding 3,500 $ 14,000 $ 1.40 Fabrication 2,100 $ 21,000 $ 2.20 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Total 5,600 $ 35,000 For questions, assume that the company uses a plant wide predetermined overhead rate with machine-hours as the allocation base. 10. What was the company's plantwide predetermined overhead rate? (Round your answer to 2 decimal places.) Predetermined overhead rate per MH 11. How much manufacturing overhead was applied to Job P and how much was applied to Job Q? (Do not round intermediate calculations.) 12. If Job P included 20 units, what was its unit product cost? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) Unit product cost 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.) Unit product cost 14. Assume that Sweeten Company used cost-plus pricing (and a markup percentage of 80% of total manufacturing cost) to establish selling prices for all of its jobs. What selling price would the company have established for Jobs P and Q? What are the selling prices for both jobs when stated on a per unit basis? (Do not round intermediate calculations. Round your final answers to nearest whole dollar) 15. What was Sweeten Company's cost of goods sold for March? (Do not round intermediate calculation Cost of goods sold Sweeten Company had no jobs in progress at the beginning of March and to 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 $ 18,200 $ 29,400 2,360 840 3,200 Job Q $ 11,200 $ 10,500 1,120 1,280 2,400 Molding 3,500 $ 14,000 $ 1.40 Fabrication 2,100 $ 21,000 $ 2.20 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Total 5,600 $ 35,000 For questions, assume that the company uses a plant wide predetermined overhead rate with machine-hours as the allocation base. 10. What was the company's plantwide predetermined overhead rate? (Round your answer to 2 decimal places.) Predetermined overhead rate per MH 11. How much manufacturing overhead was applied to Job P and how much was applied to Job Q? (Do not round intermediate calculations.) 12. If Job P included 20 units, what was its unit product cost? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) Unit product cost 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.) Unit product cost 14. Assume that Sweeten Company used cost-plus pricing (and a markup percentage of 80% of total manufacturing cost) to establish selling prices for all of its jobs. What selling price would the company have established for Jobs P and Q? What are the selling prices for both jobs when stated on a per unit basis? (Do not round intermediate calculations. Round your final answers to nearest whole dollar) 15. What was Sweeten Company's cost of goods sold for March? (Do not round intermediate calculation Cost of goods sold
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Introduction to Managerial Accounting
ISBN: 978-1259917066
8th edition
Authors: Peter C. Brewer, Ray H Garrison, Eric Noreen
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