Question

Help The Foundational 15 (LO2-1, LO2-2, LO2-3, LO2-4) (The following information applies to the questions displayed below.) 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 $10,000 $15,000 $25,000 Estimated variable manufacturing overhead per machine-hour $ 1.40 $ 2.20 Job P $13,000 $21,000 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total Job Q $8,000 $7,500 1,700 600 2,300 800 900 1,700 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: 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. bundational 2-4 Proin Su Mart

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Answer 1

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Sweeten
Plant wide predetermined OH Rate	Molding	Fabrication	Total	Note
Machine Hours	2,500.00	1,500.00	4,000.00	A
Variable OH Rate	1.40	2.20		B
Variable OH cost	3,500.00	3,300.00	6,800.00	C=A*B
Fixed Manufacturing overhead	10,000.00	15,000.00	25,000.00	D
Total OH			31,800.00	E=C+D
Plant wide predetermined OH Rate			7.95	F=E/A
Overhead applied	Job P	Note
Actual Machine hours	2,300.00	G
Plant wide predetermined OH Rate	7.95	See F
Overhead applied	18,285.00	H=G*F
Manufacturing cost assigned to Job P	Amount $	Note
Direct Materials	13,000.00
Direct Labor	21,000.00
Overhead applied	18,285.00	See H
Manufacturing cost assigned to Job P	52,285.00	I
Number of units	20.00	J
Unit product cost	2,614.25	K=I/J