1. what were the company's Predetermined OH rate in the Molding and fabrication department?
2. how much MOH was applied from the Molding Department to job P and how much was applied to job Q?
3. How much MOH was applied from the fabrication department to Job P and how much was applied to Job Q?
4. What was the total MOH cost assigned to Job P?
5. If Job P included 20 units, what was its unit product cost?
6. What was the total manufacturing cost assigned to Job Q?
7. If Job Q included 30 units, what was its unit product cost?
8. Assume that Sweeten Company used cost-plus pricing (and a markup percentage 80% of total of total manufacturing cost) to establish selling prices for all of its jobs. what selling price would the company have established for Jobs P and Q? What are the selling prices for both jobs when stated on a per unit basis?
9. What was Sweeten Company's COGS for March?
10. What was the Company's Plantwide POH rate?
11. How much MOH was applied to Job P and how much was applied to job Q?
12. If Job P included 20 units, what was its unit product cost?
13. If Job Q included 30 units, what was its unit product cost?
14. Assume that Sweeten Company used cost-plus pricing ( and a markup percentage of 80% of total Manufacturing cost) to establish selling prices for all of its jobs. What selling price would the company have established for Jobs P and Q? What are the selling rpices for both jobs when stated on a per unit basis?
15. What was Sweeten Company's COGS for
March?
Homework Answers
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| Sweeten | |||
| Answer 1 | Molding | Fabrication | Note |
| Machine Hours | 2,500.00 | 1,500.00 | A |
| Fixed Manufacturing overhead | 10,250.00 | 15,150.00 | B |
| Fixed Manufacturing overhead rate | 4.10 | 10.10 | C=B/A |
| Variable OH Rate | 1.50 | 2.30 | D |
| Departmental predetermined OH Rate | 5.60 | 12.40 | E=C+D |
| Answer 2 | Job P | Job Q | |
| Machine hours used- Molding | 1,800.00 | 900.00 | F |
| Departmental predetermined OH Rate | 5.60 | 5.60 | See E |
| Overhead applied | 10,080.00 | 5,040.00 | G=F*E |
| Answer 3 | Job P | Job Q | |
| Machine hours used- Fabrication | 700.00 | 1,000.00 | H |
| Departmental predetermined OH Rate | 12.40 | 12.40 | See E |
| Overhead applied | 8,680.00 | 12,400.00 | I=H*E |
| Answer 4 | Amount $ | Note |
| Overhead applied- Molding | 10,080.00 | See G |
| Overhead applied- Fabrication | 8,680.00 | See I |
| Overhead applied to Job P | 18,760.00 | J |
| Answer 5 | Amount $ | Note |
| Direct Materials | 14,000.00 | |
| Direct Labor | 21,800.00 | |
| Overhead applied | 18,760.00 | See J |
| Manufacturing cost assigned to Job P | 54,560.00 | K |
| Number of units | 20.00 | L |
| Unit product cost for Job P | 2,728.00 | M=K/L |
| Answer 6 | Amount $ | |
| Direct Materials | 8,500.00 | |
| Direct Labor | 7,900.00 | |
| Overhead applied- Molding | 5,040.00 | See G |
| Overhead applied- Fabrication | 12,400.00 | See I |
| Manufacturing cost assigned to Job Q | 33,840.00 | N |
| Answer 7 | Amount $ | |
| Manufacturing cost assigned to Job Q | 33,840.00 | See N |
| Number of units | 30.00 | O |
| Unit product cost for Job Q | 1,128.00 | P=N/O |
| Answer 8 | Job P | Job Q | Note |
| Manufacturing cost assigned | 54,560.00 | 33,840.00 | Q= See K, N |
| Markup at 80% | 43,648.00 | 27,072.00 | R=Q*80% |
| Selling price | 98,208.00 | 60,912.00 | S=Q+R |
| Number of units | 20.00 | 30.00 | T |
| Selling price per unit | 4,910.40 | 2,030.40 | U=S/T |
| Answer 9 | Amount $ | Note |
| Manufacturing cost assigned to Job P | 54,560.00 | See K |
| Manufacturing cost assigned to Job Q | 33,840.00 | See N |
| Cost of good sold | 88,400.00 | |
| Answer 10 | ||||
| Plant wide predetermined OH Rate | Molding | Fabrication | Total | Note |
| Machine Hours | 2,500.00 | 1,500.00 | 4,000.00 | See A |
| Variable OH Rate | 1.50 | 2.30 | See D | |
| Variable OH cost | 3,750.00 | 3,450.00 | 7,200.00 | V=A*D |
| Fixed Manufacturing overhead | 10,250.00 | 15,150.00 | 25,400.00 | See B |
| Total OH | 32,600.00 | W=V+B | ||
| Plant wide predetermined OH Rate | 8.15 | X=W/A |
| Answer 11 | Job P | Job Q | Note |
| Actual Machine hours | 2,500.00 | 1,900.00 | Y |
| Plant wide predetermined OH Rate | 8.15 | 8.15 | See X |
| Overhead applied | 20,375.00 | 15,485.00 | Z=Y*X |
| Answer 12 |
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9. What were the company’s predetermined overhead rates in the
Molding Department and the Fabrication Department?
10. How much manufacturing overhead was applied from the Molding
Department to Job P and how much was applied to Job Q?
11. How much manufacturing overhead was applied from the
Fabrication Department to Job P and how much was applied to Job
Q?
12. If Job P included 20 units, what was its unit product
cost?
13. If Job Q included 30 units,...
1. What were the company’s predetermined overhead rates in the
Molding Department and the Fabrication Department? (Round
your answers to 2 decimal places.)
2. How much manufacturing overhead was applied from the Molding
Department to Job P and how much was applied to Job Q? (Do
not round intermediate calculations.)
3. How much manufacturing overhead was applied from the
Fabrication Department to Job P and how much was applied to Job Q?
(Do not round intermediate calculations.)
4. What was...
1.What were the company’s predetermined overhead rates in the
Molding Department and the Fabrication Department? (Round
your answers to 2 decimal places.)
2.How much manufacturing overhead was applied
from the Molding Department to Job P and how much was applied to
Job Q? (Do not round intermediate
calculations.)
3. How much manufacturing overhead was applied from the
Fabrication Department to Job P and how much was applied to Job Q?
(Do not round intermediate calculations.)
4. What was the total...
1. what was the company's plant wide 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 the total manufacturing cost assigned to Job Q?
6. If Job Q included 30 units, what was its unit product
cost?
7. Assume that Sweeten...
9. What were the company’s predetermined
overhead rates in the Molding Department and the Fabrication
Department? (Round your answers to 2 decimal
places.)
10. How much manufacturing overhead was applied from the Molding
Department to Job P and how much was applied to Job Q? (Do
not round intermediate calculations.)
11. How much manufacturing overhead was applied from the
Fabrication Department to Job P and how much was applied to Job Q?
(Do not round intermediate calculations.)
12. If Job...
9. What were the company’s predetermined
overhead rates in the Molding Department and the Fabrication
Department? (Round your answers to 2 decimal
places.)
10. How much manufacturing overhead was applied
from the Molding Department to Job P and how much was applied to
Job Q? (Do not round intermediate
calculations.)
11. How much manufacturing overhead was applied
from the Fabrication Department to Job P and how much was applied
to Job Q? (Do not round intermediate
calculations.)
12. If Job...
Questions:
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 the total manufacturing cost assigned to Job Q?
6. If Job Q included 30 units, what was its unit product
cost?
7. Assume that Sweeten...
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Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate comp 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...