Need help with this problem 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):Molding Fabrication1,740$17,400$ 2.20TotalEstimated total machine-hours used2,900$11,6004,640$29,000Estimated total fixed manufacturing overheadEstimated variable manufacturing overhead per machine-hour$1.40Job PJob Q$9,280$8,700Direct materials$15,080$24,360Direct labor costActual machine-hours used:Molding2,000930Fabrication7001,010Total2,7001,940Sweeten 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-hoursas 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.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

Given : Estimated fixed manufacturing overhead = 17400 Estimated total machine hours = 1740 Job P =…

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 Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour 1,740 $17,400 $ 2.20 4,640 $29,000

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 Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour 1,740 $17,400 $ 2.20 4,640 $29,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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