Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total Job P Job Q $ 23,400 $ 14,400 $ 37,800 $ 13,500 3,020 1,080 4,100 1,440 1,660 3,100 4,500 2,700 7,200 $ 18,000 $ 27,000 $ 45,000 $ 1.40 $ 2.20 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1 to 9, assume that Sweeten Company uses departmental predetermined overhead rates with machine- hours as the allocation base in both departments and Job P included 20 units and Job Q included 30 units. For questions 10 to 15, assume that the company uses a plantwide predetermined overhead rate with machine-hours as the allocation base.

Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total Job P Job Q $ 23,400 $ 14,400 $ 37,800 $ 13,500 3,020 1,080 4,100 1,440 1,660 3,100 4,500 2,700 7,200 $ 18,000 $ 27,000 $ 45,000 $ 1.40 $ 2.20 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1 to 9, assume that Sweeten Company uses departmental predetermined overhead rates with machine- hours as the allocation base in both departments and Job P included 20 units and Job Q included 30 units. For questions 10 to 15, assume that the company uses a plantwide predetermined overhead rate with machine-hours as the allocation base.

Name: Estimated total machine-hours usedEstimated total fixed manufacturing
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Description: Estimated total machine-hours usedEstimated total fixed manufacturing overheadEstimated variable manufacturing overhead permachine-hourDirect materialsDirect labor costActual machine-hours used:MoldingFabricationTotalTotal manufacturing costmachine-

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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A
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