Question

9. What were the company’s predetermined overhead rates in the Molding Department and the Fabrication Department? (Round your answers to 2 decimal places.)

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 $14,750 $17,850 $32,600 $ 3.30 $ 4.10 Job P $32,000 $36,200 Job 2 $17,500 $ 15,100 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 3,600 2,500 6,100 2,700 2,800 5,500 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.

10. How much manufacturing overhead was applied from the Molding Department to Job P and how much was applied to Job Q? (Do not round intermediate calculations.)

11. How much manufacturing overhead was applied from the Fabrication Department to Job P and how much was applied to Job Q? (Do not round intermediate calculations.)

12. If Job P included 20 units, what was its unit product cost? (Do not round intermediate calculations.)

Answer 1

Requirement (9) Estimated Total Fixed Manufacturing Overhead Estimated Total Variable Manufacturing Overhead Estimated Total Manufacturing Overhead Number of Machine Hours PreDetermined Departmental overhead rate Molding Fabrication $ 14,750 $ 17,850 $ 8,250 $ 6,150 $ 23,000 $ 24,000 2500 1500 $ 9.20 $ 16.00 Requirement (10) Particulars Manufacturing overhead applied Job P: (3600*9.2) Job Q : (2700*9.2) Job P Job Q $ 33,120 $ 24,840 Requirement (11) Particulars Manufacturing overhead applied Job P: (2500*16) Job Q : (2800*16) Job P Job Q $ 40,000 $ 44,800 Requirement (12) Particulars Direct Material Direct Labour Overhead Total Manufacturing Cost Divided by : Number of unit Unit Product cost Job P $ 32,000 $ 36,200 $ 73,120 $ 141,320 20 $ 7,066 Note : Do Comment for any further assistance