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 O (all data and questions relate to the month of March): Molding Fabrication Total Estimated total machine-hours used 2,500 1,500 4,000 Estimated total fixed manufacturing overhead $13,750 $17,250 $31,000 Estimated variable manufacturing overhead per machine-hour $ 2.90 $ 3.70 Job P $28,000 $33,000 Job $15,500 $13,500 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 3,200 2,100 5,300 2,300 2,400 4.700 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 P included 20 units and Job Q included 30 units. For questions 10-15, assume that the company uses a plantwide predetermined overhead rate with machine-hours as the allocation base 5. If Job Pincluded 20 units, what was its unit product cost? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) Unit product cost

Answer 1

A B C 1 Molding Fabrication 2 Estimated total fixed manufacturing overhead $ 13,750 $ 17,250 3 Machine hours 2,500 1,500 4 Fixed manufacturing overhead rate $ 5.50 $ 11.50 5 Variable manufacturing overhead rate $ 2.90$ 3.70 6 Predetermined overhead rate $ 8.40 $ 15.20 7 8 5) 9 Job P 10 Direct materials $ 28,000 11 Direct labor cost $ 33,000 12 Manufacturing overhead applied $ 58,800 13 Total manufacturing cost $ 119,800 14 Number of units produced 20 15 Unit product cost $ 5,990 16 17 6) 18 19 Direct materials 20 Direct labor cost 21 Manufacturing overhead applied 22 Total manufacturing cost JobQ $ 15,500 $ 13,500 $ 55,800 $ 84,800

A B Molding 13750 2500 =+B2/B3 2.9 C Fabrication 17250 1500 =+C2/C3 3.7 =+B4+B5 =+C4+C5 Job P 28000 1 2 Estimated total fixed manufacturing overhead 3 Machine hours 4 Fixed manufacturing overhead rate 5 Variable manufacturing overhead rate 6 Predetermined overhead rate 7 8 5) 9 10 Direct materials 11 Direct labor cost 12 Manufacturing overhead applied 13 Total manufacturing cost 14 Number of units produced 15 Unit product cost 16 17 6) 18 19 Direct materials 20 Direct labor cost 21 Manufacturing overhead applied 22 Total manufacturing cost 33000 =+(3200*B6)+(2100*С6) =+B10+B11+B12 20 |=+B13/B14 JobQ 15500 13500 =+(2300*B6)+2400*С6) =+B19+B20+B21