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 Fabrication 2,900 $11,600 $ 1.40 Total 4,640 $29,000 1,740 $17,400 Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour $ 2.20
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 Fabrication 2,900 $11,600 $ 1.40 Total 4,640 $29,000 1,740 $17,400 Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour $ 2.20
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Need help with these two questions
![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 Fabrication
2,900
$11,600
$ 1.40
Total
Estimated total machine-hours used
1,740
4,640
$29,000
Estimated total fixed manufacturing overhead
Estimated variable manufacturing overhead per machine-hour
$17,400
$ 2.20
Job P
Job Q
Direct materials
$15,080
$24,360
$9,280
$8,700
Direct labor cost
Actual machine-hours used:
Molding
2,000
930
1,010
1,940
Fabrication
700
Total
2,700
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.
11. How much manufacturing overhead was applied to Job P and how much was applied to Job Q? (Do not round intermediate
calculations.)
Job P
Job Q
Manufacturing overhead applied](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5fdfed36-42f7-4753-bff6-d73ae25803b5%2Ff1fe22ec-5a0c-4b64-b2c5-11b5593d41ea%2Fffcjrrh_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 Fabrication
2,900
$11,600
$ 1.40
Total
Estimated total machine-hours used
1,740
4,640
$29,000
Estimated total fixed manufacturing overhead
Estimated variable manufacturing overhead per machine-hour
$17,400
$ 2.20
Job P
Job Q
Direct materials
$15,080
$24,360
$9,280
$8,700
Direct labor cost
Actual machine-hours used:
Molding
2,000
930
1,010
1,940
Fabrication
700
Total
2,700
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.
11. How much manufacturing overhead was applied to Job P and how much was applied to Job Q? (Do not round intermediate
calculations.)
Job P
Job Q
Manufacturing 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 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 Fabrication
2,900
$11,600
$
Total
4,640
$29,000
Estimated total machine-hours used
Estimated total fixed manufacturing overhead
Estimated variable manufacturing overhead per machine-hour
1,740
$17,400
$ 2.20
1.40
Job P
Job Q
Direct materials
$15,080
$24,360
$9,280
Direct labor cost
$8,700
Actual machine-hours used:
Molding
2,000
930
Fabrication
700
1,010
Total
2,700
1,940
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.
10. What was the company's plantwide predetermined overhead rate? (Round your answer to 2 decimal places.)
Predetermined overhead rate
per MH](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5fdfed36-42f7-4753-bff6-d73ae25803b5%2Ff1fe22ec-5a0c-4b64-b2c5-11b5593d41ea%2Fv990t7_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 Fabrication
2,900
$11,600
$
Total
4,640
$29,000
Estimated total machine-hours used
Estimated total fixed manufacturing overhead
Estimated variable manufacturing overhead per machine-hour
1,740
$17,400
$ 2.20
1.40
Job P
Job Q
Direct materials
$15,080
$24,360
$9,280
Direct labor cost
$8,700
Actual machine-hours used:
Molding
2,000
930
Fabrication
700
1,010
Total
2,700
1,940
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.
10. What was the company's plantwide predetermined overhead rate? (Round your answer to 2 decimal places.)
Predetermined overhead rate
per MH
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