Question

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 4,000 $10,750 $15,450 $26,200 2,500 1,500 $ 1.70 2.50 Job P Job Q Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total $16,000 $9,500 $23,400 $8,700 2,000 900 2,900 1,100 1,200 2,300 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 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

Answer 1

There are three questions in this: one is of sweeten, one is of Espresso and last one is of Dozier. Questions are related to Cost, classification of cost and Mark up.
Please hit LIKE button if this helped. For any further explanation, please put your query in comment, will get back to you Working-1 Departmental Predetermined Overhead Rates: Molding Estimated total Machine Hours Estimated Total Fixed Manufacturing Overheads Fabrication 1,500 $10,750 15,450 2,500 B Predetermined Overhead Rate B/A 4.30 $ 10.30 Part 13: Job Q $9,500 $8,700 Direct Material Direct Labor Variable Manufacturing Overheads Molding 1100*1.7 Fabrication 1200 2.5 Fixed Manufacturing Overheads Molding 1100#4.3 Fabrication 1200 10.3 1,870 3,0004,870 4,730 12,360 $ 17,090 Total Cost for Job Q No of Units in Job Q Per Unit Cost 40160/30 $40,160 30 1,339 Part 14: Job P Job a $ 9,500 $8,700 Direct Material Direct Labor Variable Manufacturing Overheads Molding 2000*1.7 Fabrication 900*2.5 Fixed Manufacturing Overheads Molding 2000*4.3 Fabrication 900*10.3 $16,000 $ 23,400 $ 1,870 3,400 2,250 $5,6 3,000 $ 4,870 8,600 $ 4,730 9,270 $ 17,870 12,360 17,090 Total Cost for Job P and Q Add: Mark up 80% Total Price for the Job $62,920 50,336 $113,256 $ 40,160 32,128 S 72,288 No of Units Selling price per unit 20 Units 30 Units $5,663 $2,410 Part 15: Cost of Goods Sold for March: ob P Job Q Total 62,920 40,160 103,080

Espresso Question: Requirement -1 700 1,600 1,600 1,600 155$186$ 217 500 600 Fixed Cost Variable Cost $0.31* No of Cups Total Cost Average cost per cup of Cofee (Total Cost/No of Cup served) Fixed+Variable $ 1,55$1,786$ 1,817 $3.51$2.98$ 2.60 Requirement -2 Average cost per cup of coffee is decreasing with increased no of coffe cup served