Question

The Foundational 15 [LO2-1, LO2-2, LO2-3, LO2-4) [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): Holding Fabrication total Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Estated total machine-hours used 1,500 $17,000 $10,00€ $17,000 $24,200 $10,000 9.100 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 2,100 1.000 3,100 1,200 1.300 2,500 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. Foundational 2-10 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.) Job P Job Q Manufacturing overhead applied

Answer 1

Solution:

AA АВ AC AD AR 120 127 128 129 130 AR 131 132 133 134 Computation of departmental overhead rates Particulars Molding Fixed manufacturing overhead $11,000 Variable manufacturing overhead(2500*$1.80) T. $4,500) 135 136 137 138 139 140 141 142 143 144 145 Total manufacturing overhead Nos of machine hours $15,500 2500 Overhead rate per machine hour $6.20 146 Computation of overhead applied from Molding department Particulars Job P Job Q Actual machine hours in molding 1200 Overhead rate $6.20 $6.20 Overhead applied to jobs $13,020.00 $7,440.00 2100 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 51) Sheet623 (10) Sheet272 Sheet277 Sheet407 She