![[The following information applies to the questions displayed below.] Sweeten Company had no jobs in progress at the beginnin](http://img.homeworklib.com/questions/b8c83950-70bc-11ea-90dd-2f6983e3f7d7.png?x-oss-process=image/resize,w_560)
Homework Answers
Plantwide overhead rate = (2500*3.2+1500*4+32200)/4000 = 11.55 per hour
5) Total manufacturing cost of Job Q
| Job Q | |
| Direct material | 17000 |
| Direct labor | 14700 |
| Overhead (5300*11.55) | 61215 |
| Total manufacturing cost | 92915 |
6) Unit product cost = 92915/30 = 3097.17 or 3097
7) Selling price of Job
| Job P | Job Q | |
| Direct material | 31000 | 17000 |
| Direct labor | 35400 | 14700 |
| Overhead | 68145 | 61215 |
| Total manufacturing cost | 134545 | 92915 |
| Markup | 107636 | 74332 |
| Selling price | 242181 | 167247 |
8) Cost of goods sold = 134545+92915 = 227460
Add Answer to:
Job P = $ 68,145 Job Q = predetermined overhead rate * Actual Total machine hours...
Molding Fabrication Total Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated var...
Molding Fabrication Total Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour 1,500 2,500 $12,500 $ 2.40 4,000 $16,500 $29,000 3.20 Job Q $13,000 $11,500 Job P $23,000 $29,000 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication 2,700 1,600 4,300 1,800 006 I 3,700 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...
1. What was the company’s plantwide predetermined overhead rate? 1a. How much manufacturing overhead was applied...
1. What was the company’s plantwide predetermined overhead
rate?
1a. How much manufacturing overhead was applied to Job P and how
much was applied to Job Q? (Do not round intermediate
calculations.)
b. What was the total manufacturing cost assigned to Job P?
(Do not round intermediate calculations.)
2a. If Job P included 20 units, what was its unit product cost?
(Do not round intermediate calculations. Round your final
answer to nearest whole dollar.)
2b. What was the total manufacturing...
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...
Estimated total machine-hours used Estimated total fixed manufacturing overhead Estinated variable manufacturing overhead per machine-hour Molding...
Estimated total machine-hours used Estimated total fixed manufacturing overhead Estinated variable manufacturing overhead per machine-hour Molding Fabrication Total 2,500 1,500 4, Bee $13,258 $16,950 $30,200 $ 2.70 $ 3.50 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total Job P Job O $26, Bee $14,50e $31,480 $12,700 3, see 2,180 1,900 2,200 4,900 4,380 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month 7. Assume that Sweeten Company used cost-plus pricing and a markup...
10. How much manufacturing overhead was applied from the Molding Department to Job P and how...
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 P included 20 units, what was its unit product cost?
(Do not round intermediate calculations.)
13. If Job Q included 30 units, what...
Questions: 1. What was the company’s plantwide predetermined overhead rate? 2. How much manufacturing overhead was...
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...
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...
Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Mon...
Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Mon Fabrication Total 2,500 1,500 4,000 $10,000 $15,000 $25,000 $ 1.40 $ 2.20 Job P $13,000 $21,000 Job o $8,000 $7,500 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 1,700 500 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...
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...
1. If Job Q included 30 units, what was its unit product cost? 2. Assume that...
1. If Job Q included 30 units, what was its
unit product cost?
2. 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 prices for both jobs when stated on a per unit basis
assuming 20 units were produced for Job P and 30 units were...
Molding Fabrication Total Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour 1,500 2,500 $12,500 $ 2.40 4,000 $16,500 $29,000 3.20 Job Q $13,000 $11,500 Job P $23,000 $29,000 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication 2,700 1,600 4,300 1,800 006 I 3,700 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...
1. What was the company’s plantwide predetermined overhead
rate?
1a. How much manufacturing overhead was applied to Job P and how
much was applied to Job Q? (Do not round intermediate
calculations.)
b. What was the total manufacturing cost assigned to Job P?
(Do not round intermediate calculations.)
2a. If Job P included 20 units, what was its unit product cost?
(Do not round intermediate calculations. Round your final
answer to nearest whole dollar.)
2b. What was the total manufacturing...
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...
Estimated total machine-hours used Estimated total fixed manufacturing overhead Estinated variable manufacturing overhead per machine-hour Molding Fabrication Total 2,500 1,500 4, Bee $13,258 $16,950 $30,200 $ 2.70 $ 3.50 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total Job P Job O $26, Bee $14,50e $31,480 $12,700 3, see 2,180 1,900 2,200 4,900 4,380 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month 7. Assume that Sweeten Company used cost-plus pricing and a markup...
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 P included 20 units, what was its unit product cost?
(Do not round intermediate calculations.)
13. If Job Q included 30 units, what...
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...
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...
Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Mon Fabrication Total 2,500 1,500 4,000 $10,000 $15,000 $25,000 $ 1.40 $ 2.20 Job P $13,000 $21,000 Job o $8,000 $7,500 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 1,700 500 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...
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...
1. If Job Q included 30 units, what was its
unit product cost?
2. 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 prices for both jobs when stated on a per unit basis
assuming 20 units were produced for Job P and 30 units were...
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