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Answer
| We will used Machine hours as allocation of Manufacturing Cost | |||||
| Calculation of Manufacturing overhead per machine hours | |||||
| Estimated Fixed Manufacturing overhead | Estimated Total machine hours Used | Fixed Oh. Rate per machine Hour | Variable Manufacturing Oh. Per hour | Total Oh. Rate per hour | |
| (a) | (b) | c = (a/b) | d | e = c+d | |
| Modling | 13,250.00 | 2,500.00 | 5.30 | 2.70 | 8.00 |
| Favrication | 16,950.00 | 1,500.00 | 11.30 | 3.50 | 14.80 |
| Calculation of selling price | |||
| Amount in $ | |||
| P | Q | ||
| Direct material | a | 26,000.00 | 14,500.00 |
| Direct Labor | b | 31,400.00 | 12,700.00 |
| Manufacturing Overhead: | |||
| Modling department ( Actual Machine hours * Total Oh. Rate per machine Hours) | c | 24,000.00 | 16,800.00 |
| Febrication department ( Actual Machine hours * Total Oh. Rate per machine Hours) | d | 28,120.00 | 32,560.00 |
| Total Manufacturing Costs | e = a+b+c+d | 109,520.00 | 76,560.00 |
| Add: 80% markup | f = e*0.80 | 87,616.00 | 61,248.00 |
| Total Price of the Job | g = e+f | 197,136.00 | 137,808.00 |
| Units | h | 20.00 | 30.00 |
| Selling price per unit | I = g/h | 9,857 | 4,594 |
Working Notes:
| Calculation of manufacturing overhead | ||
| Modling departments | $24000[$8 per machine hour*3000 Machine hours] | $16800[$8*2100] |
| Fabrication department | $28120[$14.80* 1900 machine hours] | $32560[$14.80*2200] |
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posted this 4 times now and each time solutions were incorrect
could somone please show the...
Estimated total machine-hours used Estinated total fixed manufacturing overhead Estinated variable manufacturing overhead per machine-hour Molding...
Estimated total machine-hours used Estinated total fixed manufacturing overhead Estinated variable manufacturing overhead per machine-hour Molding Fabrication Total 2,500 1,500 $13,250 $16,950 $38,200 $ 2.78 $ 3.50 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total Job P Job O $26,Bee $14,500 $31,480 $12,700 3,000 2,100 1,900 2,200 4,900 4,360 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month 14. Assume that Sweeten Company used cost-plus pricing and a markup percentage of 80% of...
Estimated total machine-hours used Estinated total fixed manufacturing overhead Estinated variable manufacturing overhead per nachine-hour Holding...
Estimated total machine-hours used Estinated total fixed manufacturing overhead Estinated variable manufacturing overhead per nachine-hour Holding Fabrication Total 2,500 1,500 4, eee $13,258 $16,95€ $38.200 $ 2.78 $ 3.50 Direct materials Direct labor cost Actual Machine-hours used: Molding Fabrication Total Job P Job o $26, vee $14,500 $31,480 $12,700 3,000 2,10 1.900 2,200 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. 14. Assume that Sweeten Company used cost-plus pricing and a markup percentage of 80%...
Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Molding...
Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Molding Fabrication Total 2,500 1,500 4,000 $13,250 $16,950 $30, 200 $ 2.70 $ 3.50 Job P $26,000 $31,400 Job $14,500 $12,700 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication 3,000 1,900 4,900 2,100 2,200 4,300 Total 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...
7-14 please 8. what was sweeten company's cost of goods sold for March? 9. what were...
7-14 please
8. what was sweeten company's cost of goods sold for
March?
9. what were the company's predetermined overhead rates in the
Molding Department and the fabrication dept?
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
fabrication department to job P and how much was applied to job
Q?
12. if job P included 20units, what was...
14-15 please 15. what was sweeten company's cost of goods sold for march? Checkom Line following...
14-15 please
15. what was sweeten company's cost of goods sold for
march?
Checkom Line following informanon appes 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...
Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories....
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...
Required information The Foundational 15 (LO2-1, LO2-2, LO2-3, LO2-4) [The following information applies to the questions...
Required information 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...
Required information The Foundational 15 (LO2-1, LO2-2, LO2-3, LO2-4) [The following information applies to the questions...
Required information 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...
Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Molding...
Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Molding Fabrication Total 2,500 1,500 4,000 $13,250 $16,95€ $30,200 $ 2.70 $ 3.50 Job P $26,000 $31,400 Job $14,500 $12,700 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 3,000 1,900 4,900 2,100 2,200 4,300 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...
Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories....
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...
Estimated total machine-hours used Estinated total fixed manufacturing overhead Estinated variable manufacturing overhead per machine-hour Molding Fabrication Total 2,500 1,500 $13,250 $16,950 $38,200 $ 2.78 $ 3.50 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total Job P Job O $26,Bee $14,500 $31,480 $12,700 3,000 2,100 1,900 2,200 4,900 4,360 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month 14. Assume that Sweeten Company used cost-plus pricing and a markup percentage of 80% of...
Estimated total machine-hours used Estinated total fixed manufacturing overhead Estinated variable manufacturing overhead per nachine-hour Holding Fabrication Total 2,500 1,500 4, eee $13,258 $16,95€ $38.200 $ 2.78 $ 3.50 Direct materials Direct labor cost Actual Machine-hours used: Molding Fabrication Total Job P Job o $26, vee $14,500 $31,480 $12,700 3,000 2,10 1.900 2,200 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. 14. Assume that Sweeten Company used cost-plus pricing and a markup percentage of 80%...
Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Molding Fabrication Total 2,500 1,500 4,000 $13,250 $16,950 $30, 200 $ 2.70 $ 3.50 Job P $26,000 $31,400 Job $14,500 $12,700 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication 3,000 1,900 4,900 2,100 2,200 4,300 Total 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...
7-14 please
8. what was sweeten company's cost of goods sold for
March?
9. what were the company's predetermined overhead rates in the
Molding Department and the fabrication dept?
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
fabrication department to job P and how much was applied to job
Q?
12. if job P included 20units, what was...
14-15 please
15. what was sweeten company's cost of goods sold for
march?
Checkom Line following informanon appes 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...
Required information 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...
Required information 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...
Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Molding Fabrication Total 2,500 1,500 4,000 $13,250 $16,95€ $30,200 $ 2.70 $ 3.50 Job P $26,000 $31,400 Job $14,500 $12,700 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 3,000 1,900 4,900 2,100 2,200 4,300 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...
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...
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