Unit product cost [Refer working note 1] | $2,552 |
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Working note 1 - Calculation of unit product cost | |
Direct material cost | $14,500 |
Direct labor cost | $12,700 |
Total overhead allocated [Refer working note 2] | $49,360 |
Total cost [$14,500 + $12,700 + $49,360] | $76,560 |
Total units | 30 |
Unit product cost [Total cost / Units produced = $76,560 / 30 units] | $2,552 |
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Working note 2 - Calculation of total overhead allocated to Job Q | |
Job Q | |
Molding department: | |
Actual machine-hours used (a) | 2,100 |
Departmental overhead rate [Refer working note 3] (b) | $8.00 |
Overhead allocated (c = a x b) | $16,800 |
Fabrication department: | |
Actual machine-hours used (d) | 2,200 |
Departmental overhead rate [Refer working note 3] (e) | $14.80 |
Overhead allocated (f = d x e) | $32,560 |
Total overhead allocated ( c + f) | $49,360 |
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Working note 3 - Calculation of departmental overhead rate | ||
Molding | Fabrication | |
Estimated fixed manufacturing overhead (a) | $13,250 | $16,950 |
Estimated machine-hours used (b) | 2,500 | 1,500 |
Estimated fixed manufacturing overhead per machine hour (c = a / b) | $5.30 | $11.30 |
Estimated variable manufacturing overhead per machine-hour (d) | $2.70 | $3.50 |
Departmental overhead rate (c + d) | $8.00 | $14.80 |
Ched Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour...
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 $13,250 $16,950 $30,200 $ 2.70 $ 3.50 Job P Job $26,000 $14,500 $31,400 $12,700 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 3,000 1,900 4,900 2,100 2,200 4,300 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...
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 $13,250 $16,95€ $30, 200 $ 2.70 $ 3.50 Job P $26,000 $31,400 Job O $14,500 $12,700 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 3,000 1,900 4,900 2,100 2,200 4,300 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...
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 $13,250 $16.950 $30,200 $ 2.70 $ 3.5e Job P Job $26,000 $14,500 $31,400 $12,700 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 3,000 1.900 4,900 2,100 2,200 4,300 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...
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 $13,250 $16,95€ $30,200 $ 2.70 $ 3.50 Job P $26,000 $31,400 Job $14,500 $12,700 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 3,000 1,900 4,900 2,100 2,200 4,300 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...
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 $13,250 $16.950 $30,200 $ 2.70 $ 3.5e 15 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total Job P Job o $26,200 $14,500 $31,400 $12,700 3, eee 2,100 1,900 2,200 4,300 4,900 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...
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 $13,250 $16.950 $30, 200 $ 2.70 $ 3.50 Job P $26,000 $31,400 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total Job $14,500 $12,700 3,000 1,900 4,900 2,100 2,200 4,300 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...
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 $13,250 $16,950 $30, 200 $ 2.70 $ 3.50 Job P Job $26,000 $14,500 $31,400 $12,700 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 3,000 1,900 4,900 2,100 2,200 4,300 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...
Estimated total machine-hours used Estimated total fixed manufacturing overhead Estinated variable manufacturing overhead per machine-hour Molding Fabrication Total 2,500 1,500 4, Bee $13,258 $16,950 $30,200 $ 2.70 $ 3.50 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total Job P Job O $26, Bee $14,50e $31,480 $12,700 3, see 2,180 1,900 2,200 4,900 4,380 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month 7. Assume that Sweeten Company used cost-plus pricing and a markup...
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 $13,250 $16,950 $30, 200 $ 2.70 $ 3.50 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total Job P Job $26,00 $14,500 $31, 400 $12,700 3,000 2,100 1,900 2,200 4,900 4,300 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...
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 $13,250 $16,950 $30, 200 $ 2.70 $ 3.50 Job P $26,000 $31,400 Job $14,500 $12,700 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication 3,000 1,900 4,900 2,100 2,200 4,300 Total 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...