Question

1-4 & 7 Recap Seved He 16 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 all data and questions relate to the month of March Holding Tablation Total Estimated total wachine-hors wed 2,500 1,500 Estimated total fixed maaring overhead $11.750 $16,050 $27,800 Estimated variable manufacturing overhead per machine-hour $ 2.10 $ 2.90 01:30 Job $20,000 $26,600 Job $11,500 $10,300 Direct materials Direct labor coat hetual machinebours used Molding Fableation Total 2.400 1.300 1,500 Box 1.600 2.100 Point Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month Required: For questions 1-9. assume that Sweeten Company uses departmental predetermined overhead rates with machine hours as the allocation base in both departments and Job Pincluded 20 units and Job included 30 units. For questions 10-15, assume that the company uses a plantwide predetermined overhead rate with machine hours as the allocation base. ferences 1. What were the company's predetermined overhead rates in the Molding Department and the Fabrication Department? (Round your answers to 2 decimal places) Molding Department Fabrication Department Predetermined Overhead Rate per 4 port < Prev 12 of 28 I!! Next > MacBook Air BRS # 3 $ 4 % 5 & 7 2 6 8 9 0 W E R Т. Y U 0 Р S D F G H H J K K

Answer 1

1)
	Molding Department
Predetermined Overhead rate      = ( Est. Fixed OH Costs / Est. Machine Hours )+ Est. Variable OH rate      =   ($ 11,750 / 2,500 ) + $ 2.10      =    $ 4.7 + $ 2.10	6.8 per MH
	Fabrication Department
Predetermined Overhead rate      = ( Est. Fixed OH Costs / Est. Machine Hours )+ Est. Variable OH rate      =   ($ 16,050 / 1,500 ) + $ 2.90      =    $ 10.70 + $ 2.90	$ 13.6 per MH