Reference no: EM133044784
Question - 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
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Total
|
|
Estimated total machine-hours used
|
2,500
|
1,500
|
4,000
|
|
Estimated total fixed manufacturing overhead
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$13,000
|
$16,800
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$29,800
|
|
Estimated variable manufacturing overhead per machine-hour
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$2.60
|
$3.40
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|
|
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Job P
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Job Q
|
|
Direct materials
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$25,000
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$14,000
|
|
Direct labor cost
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$30,600
|
$12,300
|
|
Actual machine-hours used:
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|
|
|
Molding
|
2,900
|
2,000
|
|
Fabrication
|
1,800
|
2,100
|
|
Total
|
4,700
|
4,100
|
Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month.
Required - For questions, assume that Sweeten Company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. For last question, assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base In both departments.
1. What was the company's plantwide predetermined overhead rate?
2. How much manufacturing overhead was applied to Job P and how much was applied to Job Q?
3. What was the total manufacturing cost assigned to Job P?
4. If Job P Included 20 units, what was its unit product cost?
5. What was Sweeten Company's cost of goods sold for March?
6. How much manufacturing overhead was applied from the Molding Department to Job P and how much was applied to Job Q?