Question

fine 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 Pabrication Total 2.500 1.500 4.000 $11,500 $15,900 $27.400 $ 2.80 Job $19,000 $25,00 Job $11,000 $9.900 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 2.300 1.200 3,500 1,400 1,500 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 2. How much manufacturing overhead was applied to Job P and how much was applied to Job ? (Do not round intermediate calculations.) Job P Job Q Manufacturing overhead applied

Answer 1

Answer-2-

Calculation of Total manufacturing overhead cost:

Calculation of Total manufacturing overhead cost (Y):

Estimated total fixed manufacturing overhead cost (a) - $27,400

Estimated variable manufacturing overhead cost per machine hour for Molding (b₁) - $2.00

Machine hours required to support estimated production for Molding (X₁) – 2,500

Estimated variable manufacturing overhead cost per machine hour for Fabrication (b₂) - $2.80

Machine hours required to support estimated production for Fabrication (X₂) – 1,500

Total manufacturing overhead cost (Y):

Y=a+b1x1+b2x2

=27,400+($2*2,500)+($2.80*1,500)

=27,400+5,000+4,200

=$36,600

Calculation of predetermined overhead rate:

=Estimated total manufacturing overhead cost/Estimated total amount of allocation base

=$36,600/$4,000

=$9.15

Overhead applied to job

Particulars	job P	job Q
Predetermined overhead rate (a)	$9.15	$9.15
Actual machine hours used	3,500	2,900
Manufacturing overhead applied (a*b)	$32,025	$26,535

3-Total manufacturing cost assigned to job P

Particulars	Amount
Direct materials	$19,000
Direct labor	$25,800
Manufacturing overhead	$32,025
Total manufacturing cost	$76,825

4-

Calculation of Unit Product Cost for Job P:

Total Job Cost: $76,825

Number of units: 20 units

Calculation of Unit Product Cost

=total job cost/ number of units

=$76,825/20

=$3,841.25