Question

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): Molding Fabrication Total Estimated total machine-hours used 2,500 Estimated total fixed manufacturing overhead $14,500 $32,200 Estimated variable manufacturing overhead per machine-hour 4, eee 1,500 $17,700 $ 4.00 $ 3.20 Job P $31,800 $35,400 Job $17, eee $14,700 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 3,500 2,400 5,900 2,600 2,700 5, 30e

Hello! Number 12 is the question that I need assists with..

Answer 1

Estimated machine hours of molding department = 2,500

Estimated variable manufacturing overhead per machine hour of molding department = $3.20

Estimated Total fixed manufacturing overhead of molding department = $14,500

Predetermined overhead rate for molding department = Estimated variable manufacturing overhead per machine hour of molding department + Estimated Total fixed manufacturing overhead of molding department/ Estimated machine hours of molding department

= 3.20+ 14,500/2,500

= 3.20+5.60

= $8.80 per machine hour

Estimated machine hours of fabrication department = 1,500

Estimated variable manufacturing overhead per machine hour of fabrication department = $4.00

Estimated Total fixed manufacturing overhead of fabrication department = $17,700

Predetermined overhead rate for fabrication department = Estimated variable manufacturing overhead per machine hour of fabrication department + Estimated Total fixed manufacturing overhead of fabrication department/ Estimated machine hours of fabrication department

= 4.00+17,700/1,500

= 4.00+11.80

= $15.80 per machine hour

Molding department overheads applied to Job P = Molding department machine hours x Predetermined overhead rate for molding department

= 3,500 x 8.80

= $30,800

Fabrication department overheads applied to Job P = Fabrication department machine hours x Predetermined overhead rate for fabrication department

= 2,400 x 15.80

= $37,920

Job Cost Sheet (Job P)
Direct materials	31,000
Direct labor	35,400
Overhead applied:
Molding	30,800
Fabrication	37,920
Total cost	$135,120

Unit product cost of Job P = Total product cost / Number of units

= 135,120/20

= $6,756

Unit product cost

$6,756

Kindly comment if you need further assistance. Thanks‼!