Question

Required information [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 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 $13,500 $17,100 $30, 600 $ 2.80 $ 3.60 Job P $27,000 $32,200 Job Q $15,000 $13,100 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 3,100 2,000 5,100 2,200 2,300 4,500 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.

Answer 1

1) Overhead rate = (2500*2.8+1500*3.6+30600)/4000 = 10.75 per hour

2) Manufacturing overhead applied

	Job P	Job Q
Manufacturing overhead applied	5100*10.75 = 54825	48375

3) Total manufacturing cost of Job P

	Job P
Direct material	27000
Direct labor	32200
Overhead	54825
Total	114025

4) Unit product cost = 114025/20 = 5701

Note: Please post whole question in the group of 4-4 sub parts as per HOMEWORKLIB RULES