Port 5 of 15 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): 88 Coints Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine- hour Job P- Direct materials $ 17,160 Job Q $ 10,560 Direct labor cost $ 27,720 $ 9,900 Actual machine-hours used: Molding 2,210 1,060 Fabrication Total 790 3,000 1,220 2,280 Molding 3,300 $ 13,200 $ 1.40 Fabrication 1,980 $ 19,800 $ 2.20 Total 5,280 $ 33,000 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. 5. If Job P included 20 units, what was its unit product cost? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) Answer is complete but not entirely correct. Unit product cost $ 3,437
Port 5 of 15 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): 88 Coints Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine- hour Job P- Direct materials $ 17,160 Job Q $ 10,560 Direct labor cost $ 27,720 $ 9,900 Actual machine-hours used: Molding 2,210 1,060 Fabrication Total 790 3,000 1,220 2,280 Molding 3,300 $ 13,200 $ 1.40 Fabrication 1,980 $ 19,800 $ 2.20 Total 5,280 $ 33,000 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. 5. If Job P included 20 units, what was its unit product cost? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) Answer is complete but not entirely correct. Unit product cost $ 3,437
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Port 5 of 15
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):
88
Coints
Estimated total machine-hours used
Estimated total fixed manufacturing overhead
Estimated variable manufacturing overhead per machine-
hour
Job P-
Direct materials
$ 17,160
Job Q
$ 10,560
Direct labor cost
$ 27,720
$ 9,900
Actual machine-hours used:
Molding
2,210
1,060
Fabrication
Total
790
3,000
1,220
2,280
Molding
3,300
$ 13,200
$ 1.40
Fabrication
1,980
$ 19,800
$ 2.20
Total
5,280
$ 33,000
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.
5. If Job P included 20 units, what was its unit product cost? (Do not round intermediate calculations. Round your final answer to
nearest whole dollar.)
Answer is complete but not entirely correct.
Unit product cost
$
3,437
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