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Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate comp 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 2,500 1,500 $10,250 $15, 150 $ 1.50 $ 2.30 Total 4,000 $25,400 Job P $14,000 $21,800 Job Q $8,500 $7,900 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 1,800 700 2,500 900 1,000 1,900 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Prev 1 2 3 15 of 17 FER Next >

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Answer 1

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Sweeten
Answer 1	Molding	Fabrication	Note
Machine Hours	2,500.00	1,500.00	A
Fixed Manufacturing overhead	10,250.00	15,150.00	B
Fixed Manufacturing overhead rate	4.10	10.10	C=B/A
Variable OH Rate	1.50	2.30	D
Departmental predetermined OH Rate	5.60	12.40	E=C+D
Answer 2	Job P	Job Q
Machine hours used- Molding	1,800.00	900.00	F
Departmental predetermined OH Rate	5.60	5.60	See E
Overhead applied	10,080.00	5,040.00	G=F*E
Answer 3	Job P	Job Q
Machine hours used- Fabrication	700.00	1,000.00	H
Departmental predetermined OH Rate	12.40	12.40	See E
Overhead applied	8,680.00	12,400.00	I=H*E

Answer 4	Amount $	Note
Overhead applied- Molding	10,080.00	See G
Overhead applied- Fabrication	8,680.00	See I
Overhead applied to Job P	18,760.00	J
Answer 5	Amount $	Note
Direct Materials	14,000.00
Direct Labor	21,800.00
Overhead applied	18,760.00	See J
Manufacturing cost assigned to Job P	54,560.00	K
Number of units	20.00	L
Unit product cost for Job P	2,728.00	M=K/L
Answer 6	Amount $
Direct Materials	8,500.00
Direct Labor	7,900.00
Overhead applied- Molding	5,040.00	See G
Overhead applied- Fabrication	12,400.00	See I
Manufacturing cost assigned to Job Q	33,840.00	N
Answer 7	Amount $
Manufacturing cost assigned to Job Q	33,840.00	See N
Number of units	30.00	O
Unit product cost for Job Q	1,128.00	P=N/O

Answer 8	Job P	Job Q	Note
Manufacturing cost assigned	54,560.00	33,840.00	Q= See K, N
Markup at 80%	43,648.00	27,072.00	R=Q*80%
Selling price	98,208.00	60,912.00	S=Q+R
Number of units	20.00	30.00	T
Selling price per unit	4,910.40	2,030.40	U=S/T

Answer 9	Amount $	Note
Manufacturing cost assigned to Job P	54,560.00	See K
Manufacturing cost assigned to Job Q	33,840.00	See N
Cost of good sold	88,400.00

Answer 10
Plant wide predetermined OH Rate	Molding	Fabrication	Total	Note
Machine Hours	2,500.00	1,500.00	4,000.00	See A
Variable OH Rate	1.50	2.30		See D
Variable OH cost	3,750.00	3,450.00	7,200.00	V=A*D
Fixed Manufacturing overhead	10,250.00	15,150.00	25,400.00	See B
Total OH			32,600.00	W=V+B
Plant wide predetermined OH Rate			8.15	X=W/A

Answer 11	Job P	Job Q	Note
Actual Machine hours	2,500.00	1,900.00	Y
Plant wide predetermined OH Rate	8.15	8.15	See X
Overhead applied	20,375.00	15,485.00	Z=Y*X

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