1 answer

Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories....

Question:

Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. The company has two manufactu

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): Molding Fabrication Total Estimated total machine-hours used 2,500 1,500 4,000 Estimated total fixed manufacturing overhead $10,750 $ 15,450 $26,200 Estimated variable manufacturing overhead per machine- achine- $ 1.70 $ 1 ta 2.50 hour Job P $16,000 $23,400 Job Q $9,500 $8,700 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 2,000 900 2,900 1,100 1,200 2,300 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Requlred: For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. For questions 9-15. assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments. 12. If Job P included 20 units, what was its unit product cost? (Do not round Intermediate calculations.) Unit product cost

Answers

Molding overhead rate = (10750/2500+1.70) = 6 per MH

Fabrication overhead rate = (15450/1500+2.50) = 12.80 per MH

Manufacturing overhead applied

Job P
Direct material 16000
Direct labor 23400
Molding overhead 2000*6 = 12000
Fabrication overhead 900*12.80 = 11520
Total manufacturing cost 62920
Unit product cost 3146
.

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