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 addtional information is available for the company as a whole and for Jobs Pand Q (all data and questions relate to the month of March): Estimated total aachine-hours used Eetimeted total fixed manuf acturing overhead Estimated variable nanufacturing overhead per nachine-hour Molding Fabrication 2. 500 $11, 750 $ 2. 10 1, 500 $16, 050 $ 2. 90 Total 4. 000 $27, 800 Job P $20, 000 $26, 600 Job Q $11,500 $10, 300 Direct naterials Direct labor cost Actual nachine-hours used: Nolding 2, 400 1. 300 3. T00 1, 500 Fabrication 1.600 Total 3,100 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 inciuded 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 2. 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 calculetions.) Job P Job Q Manufacturing ovarhaad appliad

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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 Pand Q (all
data and questions relate to the month of March):
Molding Fabrication
2, 500
$11, 750
$ 2. 10
Total
Estimated total nachine-hours used
Estimatod total fixed manuf acturing overhoad
Estimated variable manufacturing overhead per nachine-hour
1, 500
$16, 050
$ 2.90
4. 000
$27, e00
Job P
$20, 000
$26, 600
Job Q
$11,500
$10, 300
Direct naterials
Direct labor cost
Actual nachine-hours used:
Noldıng
Fabrication
2, 400
1. 300
3. TO0
1, 500
1.600
Total
3.100
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
2. How much manufacturing overhead was applied from the Molding Department to Job Pand how much was applied to Job Q? (Do
not round intermediate calculetions.)
Job P
Job Q
Manufacturing avarhaad appliad
Transcribed Image Text: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 Pand Q (all data and questions relate to the month of March): Molding Fabrication 2, 500 $11, 750 $ 2. 10 Total Estimated total nachine-hours used Estimatod total fixed manuf acturing overhoad Estimated variable manufacturing overhead per nachine-hour 1, 500 $16, 050 $ 2.90 4. 000 $27, e00 Job P $20, 000 $26, 600 Job Q $11,500 $10, 300 Direct naterials Direct labor cost Actual nachine-hours used: Noldıng Fabrication 2, 400 1. 300 3. TO0 1, 500 1.600 Total 3.100 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 2. How much manufacturing overhead was applied from the Molding Department to Job Pand how much was applied to Job Q? (Do not round intermediate calculetions.) Job P Job Q Manufacturing avarhaad appliad
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