Sweeten Company had no Jobs in progress at the beginning of the year and no beginning inventories. It started,completed, and sold only two jobs during the year-Job P and Job Q. The company uses a plantwide predeterminedoverhead rate based on machine-hours. At the beginning of the year, it estimated that 4,000 machine-hours would berequired for the period's estimated level of production. Sweeten also estimated $33,000 of fixed manufacturing overheadcost for the coming period and variable manufacturing overhead of $3.70 per machine-hour.Because Sweeten has two manufacturing departments-Molding and Fabrication-it is considering replacing its plantwideoverhead rate with departmental rates that would also be based on machine-hours. The company gathered the followingadditional Information to enable calculating departmental overhead rates:Direct materialsDirect labor costActual machine-hours used:MoldingFabricationEstimated total machine-hours usedEstimated total fixed manufacturing overheadEstimated variable manufacturing overhead per machine-hourThe direct materials cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows:Job P$ 33,000$ 37,000Molding3,7002,6006,300Total manufacturing cost2,500$ 15,000$ 3.40Job Q$ 18,000$ 15,500Fabrication1,500$ 18,000$ 4.202,8002,9005,700TotalFoundational 2-5 (Algo)5. What is the total manufacturing cost assigned to Job Q? (Do not round Intermediate calculations.)TotalSweeten Company had no overapplied or underapplied manufacturing overhead costs during the year.Required:For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rate with machine-hours asthe allocation base. For questions, 9-15, assume that the company uses predetermined departmental overhead rates withmachine-hours as the allocation base in both departments.4,000$ 33,000

Name: Sweeten Company had no Jobs in progress at the beginning of the year
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Description: Sweeten Company had no Jobs in progress at the beginning of the year and no beginning inventories. It started,completed, and sold only two jobs during the year-Job P and Job Q. The company uses a plantwide predeterminedoverhead rate based on machine

Predetermined OH Rate = Estimated fixed manuf. OH$33,000Add: Variable OH-Molding$8,500Add: Variable…

Answered: 5. What is the total manufacturing cost…

Business

Accounting

5. What is the total manufacturing cost assigned to Job Q? (Do not round Intermediate calculations.) Total manufacturing cost

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Total manufacturing cost FOR job P with formulas ? tHANKS
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Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. The company has hvo 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 availlable for the company as a whole and for Jobs P and Q (all data and questions relate to the month of March): Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Molding Fabrication Total 1,500 $15,150 $ 2.30 2,500 $10,250 $ 1.50 4,000 $25,400 Job P $14,000 $21,800 Job Q $8,500 $7,900 Direct materials Direct labor cost Actual machine-hours used: No lding Fabrication 1,800 700 2,500 900 1,000 1,900 Total Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions S, assume that Sweeten Company uses a plantwide predetermined overhead rate with machìne-hours…
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