What is the companys predetermined overhead rate

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Reference no: EM131988370

Problem

Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. It started only two jobs during March-Job P and Job Q. Job P was completed and sold by the end of the March and Job Q was incomplete at the end of the March. The company uses a plantwide predetermined overhead rate based on direct labor-hours. 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 fixed manufacturing overhead	14,000
Estimated variable manufacturing overhead per direct labor-hour	1.40
Estimated total direct labor-hours to be worked	3,500
Total actual manufacturing overhead costs incurred	19,000

	Job P		Job Q
Direct materials	$	15,000	$	9,500
Direct labor cost	$	52,000	$	15,000
Actual direct labor-hours worked		2,600		750

Required:

1. What is the company's predetermined overhead rate?

2. How much manufacturing overhead was applied to Job P and Job Q?

3. What is the direct labor hourly wage rate?

Reference no: EM131988370

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