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): Molding 2,600 $ 10,400 $ 1.40 Fabrication 1,560 $ 15,600 $ 2.20 Total 4,160 S 26,000 Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Job Q $ 8,320 $ 7,800 Job P Direct materials Direct labor cost S 13,520 $ 21,840 Actual machine-hours used: Molding Fabrication 1,780 620 830 930 Total 2,400 1,760 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. 9. What was Sweeten Company's cost of goods sold for March? (Do not round intermediate calculations.)
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): Molding 2,600 $ 10,400 $ 1.40 Fabrication 1,560 $ 15,600 $ 2.20 Total 4,160 S 26,000 Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Job Q $ 8,320 $ 7,800 Job P Direct materials Direct labor cost S 13,520 $ 21,840 Actual machine-hours used: Molding Fabrication 1,780 620 830 930 Total 2,400 1,760 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. 9. What was Sweeten Company's cost of goods sold for March? (Do not round intermediate calculations.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![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):
Molding
2,600
$ 10,400
$ 1.40
Fabrication
Total
Estimated total machine-hours used
Estimated total fixed manufacturing overhead
Estimated variable manufacturing overhead per machine-hour
1,560
$ 15,600
$ 2.20
4,160
$ 26,000
Job Q
$ 8,320
$ 7,800
Job P
$ 13,520
$ 21,840
Direct materials
Direct labor cost
Actual machine-hours used:
Molding
Fabrication
1,780
830
620
930
Total
2,400
1,760
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.
9. What was Sweeten Company's cost of goods sold for March? (Do not round intermediate calculations.)
Cost of goods sold](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff1919e0a-e002-44f9-a5ba-161f9f47a3d3%2F9aa858af-3f35-433c-b39d-075e37c92b35%2Fs5iz0kg_processed.png&w=3840&q=75)
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 P and Q (all
data and questions relate to the month of March):
Molding
2,600
$ 10,400
$ 1.40
Fabrication
Total
Estimated total machine-hours used
Estimated total fixed manufacturing overhead
Estimated variable manufacturing overhead per machine-hour
1,560
$ 15,600
$ 2.20
4,160
$ 26,000
Job Q
$ 8,320
$ 7,800
Job P
$ 13,520
$ 21,840
Direct materials
Direct labor cost
Actual machine-hours used:
Molding
Fabrication
1,780
830
620
930
Total
2,400
1,760
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.
9. What was Sweeten Company's cost of goods sold for March? (Do not round intermediate calculations.)
Cost of goods sold
![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):
Molding
2,600
$ 10,400
$ 1.40
Fabrication
1,560
$ 15,600
$ 2.20
Total
Estimated total machine-hours used
4,160
$ 26,000
Estimated total fixed manufacturing overhead
Estimated variable manufacturing overhead per machine-hour
Job P
$ 13,520
$ 21,840
Job Q
$ 8,320
$ 7,800
Direct materials
Direct labor cost
Actual machine-hours used:
Molding
Fabrication
1,780
620
830
930
Total
2,400
1,760
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.
10. What was the company's plantwide predetermined overhead rate? (Round your answer to 2 decimal places.)
Answer is complete but not entirely correct.
Predetermined overhead rate
2$
8.55 X per MH](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff1919e0a-e002-44f9-a5ba-161f9f47a3d3%2F9aa858af-3f35-433c-b39d-075e37c92b35%2F3scrhd7_processed.png&w=3840&q=75)
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 P and Q (all
data and questions relate to the month of March):
Molding
2,600
$ 10,400
$ 1.40
Fabrication
1,560
$ 15,600
$ 2.20
Total
Estimated total machine-hours used
4,160
$ 26,000
Estimated total fixed manufacturing overhead
Estimated variable manufacturing overhead per machine-hour
Job P
$ 13,520
$ 21,840
Job Q
$ 8,320
$ 7,800
Direct materials
Direct labor cost
Actual machine-hours used:
Molding
Fabrication
1,780
620
830
930
Total
2,400
1,760
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.
10. What was the company's plantwide predetermined overhead rate? (Round your answer to 2 decimal places.)
Answer is complete but not entirely correct.
Predetermined overhead rate
2$
8.55 X per MH
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