Question

Part B of 8 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. It started only two jobs during March-Job P and Job Q Job P was completed and sold by the end of March and Job was incomplete at the end of March. The company uses a plantwide predetermined overhead rate based on direct labor-hours. 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): 0.4 points eBook Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per direct labor. hour Estimated total direct labor-hours to be worked Total actual manufacturing overhead costs incurred $ 12,000 $ 1.40 2,400 $ 15,00 References Job P $ 15,000 Direct materials Direct labor cost Actual direct labor-hours worked Job $ 8,400 $10,500 700 11. Calculate the cost of goods manufactured using the indirect method Cost of goods manufactured

Answer 1

2 3 3 11 cost of goods manufactured 4 5 job p job a 15,000 8400 22500 10500 6 7 10227 4773 8 9 10 Diract material cost Diract labour cost fixed manufacturing overhead it is calculated on the base diract labour houres (total cost /total labour houres )*job labour houres job p=15000/2200houres *1500 job q=15000/2200*700 variable manufacturing overhead job p=1.4*1500 job q=1.4*700 11 12 13 14 2100 980 15 16 17 18 total 49,827 24653 19

33 unit product cost 34 35 Diract material cost diract labour cost 47000 7800 36 37 600*13 38 manufactruring cost 6600 39 11*600 40 41 Total cost 61400 42 total units 2500 43 44 unit product cost 45 24.56 24.56 46