Question

Required information [The following information applies to the questions displayed below.] Sweeten Company had no jobs in pro

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

2.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.)

3. 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.)

4. What was the total manufacturing cost assigned to Job P? (Do not round intermediate calculations.

5. If Job P included 20 units, what was its unit product cost? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.)

6. What was the total manufacturing cost assigned to Job Q? (Do not round intermediate calculations.)

7. If Job Q included 30 units, what was its unit product cost? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.)

8. Assume that Sweeten Company used cost-plus pricing (and a markup percentage of 80% of total manufacturing cost) to establish selling prices for all of its jobs. What selling price would the company have established for Jobs P and Q? What are the selling prices for both jobs when stated on a per unit basis? (Do not round intermediate calculations. Round your final answers to nearest whole dollar.)

9. What was Sweeten Company’s cost of goods sold for March? (Do not round intermediate calculations.

10. What was the company’s plantwide predetermined overhead rate? (Round your answer to 2 decimal places.)

11. How much manufacturing overhead was applied 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. Round your final answer to nearest whole dollar.)

13. If Job Q included 30 units, what was its unit product cost? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.)

14. Assume that Sweeten Company used cost-plus pricing (and a markup percentage of 80% of total manufacturing cost) to establish selling prices for all of its jobs. What selling price would the company have established for Jobs P and Q? What are the selling prices for both jobs when stated on a per unit basis? (Do not round intermediate calculations. Round your final answers to nearest whole dollar.)

15. What was Sweeten Company’s cost of goods sold for March? (Do not round intermediate calculations.)

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Answer #1

we will find Departmental Pre determined OH rate

1 ] Molding

Pre determined Oh rate = Fixed OH / Machine houre

=$13,750/2,500

=$5.5 fixed OH per machine hour

Total OH rate per Machine hour = Fixed OH + Variable OH

=$5.50+2.90

=$8.4 per machine hour

Fabrication

$17,250/1500

=$11.5 per MH

Total OH rate =Fixed OH rate per MH+ Variable OH rate per MH

$11.5+$3.70

=$15.2 per machine hour

________________________________________________________________

2] Manufacturing OH applied Molding department = Rate per hour*Machine hour used

P Q
Molding $26,880[$8.4*3,200] $19,320[$8.4*2,300]

________________________________________________________________

3] Fabrication department applied OH = Rate per hour of fabricating department*Machine hour used in fabricating department

  • P Q
    Fabrication $31,920[$15.2*2,100] $36,480[$15.2*2.400]

________________________________________________________________

4]Now we will allocate cost to Product P

P
Direct material $28,000
Direct labor $33,000
Overhead applied
Modling departments $26,880
Fabrication department $31,920
Total manufacturing costs $119,800[$28,000+33,000+26,880+31,920]

____________________________________________________________________

5]

P
Direct material $28,000
Direct labor $33,000
Overhead applied
Modling departments $26,880
Fabrication department $31,920
Total manufacturing costs $119,800[$28,000+33,000+26,880+31,920]
units 20
Cost per unit $5,990[$119,800/20]

Sorry we can answer 4 parts per question only

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