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 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total Unit product cost Job P $ 15,080 $ 24,360 $ 2,000 700 2,700 3,045 Job Q $ 9,280 $ 8,700 930 1,010 1,940 Molding 2,900 $ 11,600 $ 1.40 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. Fabrication 1,740 $ 17,400 $ 2.20 5. If Job P included 20 units, what was its unit product cost? (Do not round intermediate calculations. Round your final answer nearest whole dollar.) Total 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): Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total Unit product cost Job P $ 15,080 $ 24,360 $ 2,000 700 2,700 3,045 Job Q $ 9,280 $ 8,700 930 1,010 1,940 Molding 2,900 $ 11,600 $ 1.40 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. Fabrication 1,740 $ 17,400 $ 2.20 5. If Job P included 20 units, what was its unit product cost? (Do not round intermediate calculations. Round your final answer nearest whole dollar.) Total 4,640 $ 29,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Can you help me with this problem with step by step explanation, please? I'm not sure what i did wrong
Transcribed Image Text: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
Direct materials
Direct labor cost
Actual machine-hours used:
Molding
Fabrication
Total
Unit product cost
Job P
$ 15,080
$ 24,360
$
2,000
700
2,700
3,045
Job Q
$ 9,280
$ 8,700
930
1,010
1,940
Molding
2,900
$ 11,600
$ 1.40
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.
Fabrication
1,740
$ 17,400
$ 2.20
5. If Job P included 20 units, what was its unit product cost? (Do not round intermediate calculations. Round your final answer to
nearest whole dollar.)
Total
4,640
$ 29,000
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