Question

Required information (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): Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Molding Fabrication 2,500 1,500 $13,750 $17, 250 $ 2.90 $ 3.70 Total 4,000 $31,000 Job P $28,000 $33,000 Job $15,500 $13,500 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 3,200 2,100 5,300 2,300 2,400 4,700 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1-9, assume that Sweeten Company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments and Job P included 20 units and Job Q included 30 units. For questions 10-15, assume that the company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. 1. What were the company's predetermined overhead rates in the Molding Department and the Fabrication Department? (Round your answers to 2 decimal places.) Predetermined Overhead Rate per MH Molding Department Fabrication Department per MH

Answer 1

1) Molding overhead rate = (13750/2500+2.9) = 8.4 per MH

Fabrication overhead rate = (17250/1500+3.7) = 15.20 per MH

2) Molding overhead applied

	Job P	Job Q
Molding overhead applied	3200*8.4 = 26880	2300*8.4 = 19320

3) Fabrication overhead applied

	Job P	Job Q
Fabrication overhead applied	2100*15.20 = 31920	36480

4) Total manufacturing cost for Job P

Direct material	28000
Direct labor	33000
Molding overhead	26880
Fabrication overhead	31920
Total manufacturing cost	119800

5) Unit product cost = 119800/20 = 5990

Note: Pls post whole que in the group of 4-4 sub parts as per HOMEWORKLIB RULES