!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 hastwo 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 (alldata and questions relate to the month of March):Molding2,600$ 10,400$ 1.40Fabrication1,560$ 15,600$ 2.20Total4,160$ 26,000Estimated total machine-hours usedEstimated total fixed manufacturing overheadEstimated variable manufacturing overhead per machine-hourDirect materialsDirect labor costActual machine-hours used:Job P$ 13,520$ 21,840Job Q$ 8,320$ 7,800MoldingFabrication1,780620830930Total2,4001,760Sweeten 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 questions10 to 15, assume that the company uses a plantwide predetermined overhead rate with machine-hours as the allocationbase.3. How much manufacturing overhead was applied from the Fabrication Department to Job P and how much was applied to Job Q?(Do not round intermediate calculations.)Job PJob QManufacturing overhead applied !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 hastwo 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 (alldata and questions relate to the month of March):Molding2,600$ 10,400$ 1.40FabricationTotal1,560$ 15,600$ 2.20Estimated total machine-hours used4,160$ 26,000Estimated total fixed manufacturing overheadEstimated variable manufacturing overhead per machine-hourDirect materialsDirect labor costActual machine-hours used:Job P$ 13,520$ 21,840Job Q$ 8,320$ 7,800MoldingFabrication8301,780620930Total2,4001,760Sweeten 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 questions10 to 15, assume that the company uses a plantwide predetermined overhead rate with machine-hours as the allocationbase.4. What was the total manufacturing cost assigned to Job P? (Do not round intermediate calculations.)Answer is complete but not entirely correct.Total manufacturing cost2$70,350

Working Notes: 1. Computation of Predetermined overhead rate: Fabrication department…

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 Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Molding 2,600 $ 10,400 $1.40 Fabrication 1,560 $ 15,600 $2,20 Total 4,160 $ 26,000 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 cos 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.

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q