Oring Enabled: ADM 2223 Mid Course Test - Colto... Saved 8 of 8 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): Estimated total machine-hours used 35:43 Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Molding 2,500 $11,500 $ 2.00 Fabrication 1,500 $15,900 $ 2.80 Total 4,000 $27,400 Direct materials Job P $19,000 ok Direct labor cost $25,800 Job Q $11,000 $ 9,900 Actual machine-hours used: Molding 2,300 1,400 Fabrication 1,200 1,500 Total 3,500 2,900 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1-9, 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 10-15, assume that the company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. 1. What were the company's predetermined overhead rates in the Molding Department and the Fabrication Department? (Round your answers to 2 decimal places.) Molding Department Fabrication Department 80 Predetermined Overhead Rate per MH per MH 0 S < Prev 18 19 20 25 of 26 Next > *.** 0 DII F8 F9 Help NAD F10
Oring Enabled: ADM 2223 Mid Course Test - Colto... Saved 8 of 8 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): Estimated total machine-hours used 35:43 Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Molding 2,500 $11,500 $ 2.00 Fabrication 1,500 $15,900 $ 2.80 Total 4,000 $27,400 Direct materials Job P $19,000 ok Direct labor cost $25,800 Job Q $11,000 $ 9,900 Actual machine-hours used: Molding 2,300 1,400 Fabrication 1,200 1,500 Total 3,500 2,900 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1-9, 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 10-15, assume that the company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. 1. What were the company's predetermined overhead rates in the Molding Department and the Fabrication Department? (Round your answers to 2 decimal places.) Molding Department Fabrication Department 80 Predetermined Overhead Rate per MH per MH 0 S < Prev 18 19 20 25 of 26 Next > *.** 0 DII F8 F9 Help NAD F10
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter2: Accounting For Materials
Section: Chapter Questions
Problem 10P
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