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 Total Estimated total machine-hours used 2,600 1,560 4,160 Estimated total fixed manufacturing overhead $ 10,400 $ 15,600 $ 26,000 Estimated variable manufacturing overhead per machine-hour $ 1.40 $ 2.20       Job P Job Q Direct materials $ 13,520 $ 8,320 Direct labor cost $ 21,840 $ 7,800 Actual machine-hours used:     Molding 1,780 830 Fabrication 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. 15. What was Sweeten Company’s cost of goods sold for March?

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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 Total
Estimated total machine-hours used 2,600 1,560 4,160
Estimated total fixed manufacturing overhead $ 10,400 $ 15,600 $ 26,000
Estimated variable manufacturing overhead per machine-hour $ 1.40 $ 2.20  

 

  Job P Job Q
Direct materials $ 13,520 $ 8,320
Direct labor cost $ 21,840 $ 7,800
Actual machine-hours used:    
Molding 1,780 830
Fabrication 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.

15. What was Sweeten Company’s cost of goods sold for March?

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
1,560
$ 15,600
$ 2.20
4,160
$ 26,000
Estimated total fixed manufacturing overhead
Estimated variable manufacturing overhead per machine-hour
Job Q
$ 8,320
$ 7,800
Job P
$ 13,520
$ 21,840
Direct materials
Direct labor cost
Actual machine-hours used:
1,780
Molding
Fabrication
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.
13. If Job Q included 30 units, what was its unit product cost? (Do not round intermediate calculations. Round your final answer to
nearest whole dollar.)
Unit product cost
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 1,560 $ 15,600 $ 2.20 4,160 $ 26,000 Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Job Q $ 8,320 $ 7,800 Job P $ 13,520 $ 21,840 Direct materials Direct labor cost Actual machine-hours used: 1,780 Molding Fabrication 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. 13. If Job Q included 30 units, what was its unit product cost? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) Unit product cost
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
1,560
$ 15,600
$ 2.20
4,160
$ 26,000
Estimated total machine-hours used
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
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.
14. Assume that Sweeten Company used cost-plus pricing (and a markup percentage of 80% of total manufacturing cost) to establish
selling prices for all of its jobs. What selling price would the company have established for Jobs P and Q? What are the selling prices
for both jobs when stated on a per unit basis? (Do not round intermediate calculations. Round your final answers to nearest whole
dollar.)
Job P
Job Q
Total price for the job
Selling price per unit
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 1,560 $ 15,600 $ 2.20 4,160 $ 26,000 Estimated total machine-hours used 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 1,780 830 620 930 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. 14. Assume that Sweeten Company used cost-plus pricing (and a markup percentage of 80% of total manufacturing cost) to establish selling prices for all of its jobs. What selling price would the company have established for Jobs P and Q? What are the selling prices for both jobs when stated on a per unit basis? (Do not round intermediate calculations. Round your final answers to nearest whole dollar.) Job P Job Q Total price for the job Selling price per unit
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