Question

(The following information applies to the questions displayed berowy 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 Total 2,500 1,500 4,000 $11,500 $15,900 $27,400 $ 2.00 $ 2.80 Job $19.000 $25,800 Job $11,000 $9.900 Direct materials Direct labor cost Actual machine hors sedis Molding Tabrication 2,300 1.200 3,500 1,400 1.500 2.900 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 12. Job Pincluded 20 units, what was its unit product cost? (Do not round intermediate calculations.) Unt product cost

Answer 1

Molding Calc col unit Product cost Job P. Direct material Direct Labour Q5 800 Overheads. 15180 *(6.6 x 13.00 fabrication 16080 1314x1200) Total cost 76060 no of units 20 pel units cost 3803 Cod & calc cost ef molding our cast charg 11500/2500 = 4.6 + 2 = 6.6. fabriction - 10.6 15900 s 1500 1016 tri8 13:4

Qi- lloon ggoo 9940 Unit Product cast for Job Direct Material Labour Molding depart (6.6 p. Hx 1400) fabriction 0713148H X-1500) - no. of unit Yoloo Soluo 30 Unis 1675 Total cost add markup Total selfs no of units Spipevnit Jobp 76060 60848 136908 20 68 454 Sou uo 40192 90432 30 3014 45 cost of Good Sold 76060 + 50240 = 126300