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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 avalable 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 uned Eatimated total fixed manufacturing overhead Estimated variable manuftacturing overhead per machine-hour Molding 2,700 $ 10,800 Fabrication 1,620 $ 16,200 $ 2.20 Total 4,320 $ 27,000 $ 1.40 Job P $ 14,040 $ 22,680 Job 0 $8,640 $ 8,100 Direct materials Direct labor cont Actual machine-hours used: Molding Fabrication 1,850 650 2,500 860 960 Total 1,820 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

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 avalable 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 uned Eatimated total fixed manufacturing overhead Estimated variable manuftacturing overhead per machine-hour Molding 2,700 $ 10,800 Fabrication 1,620 $ 16,200 $ 2.20 Total 4,320 $ 27,000 $ 1.40 Job P $ 14,040 $ 22,680 Job 0 $8,640 $ 8,100 Direct materials Direct labor cont Actual machine-hours used: Molding Fabrication 1,850 650 2,500 860 960 Total 1,820 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

FINANCIAL ACCOUNTING
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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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 uned Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Molding Fabrication 2,700 $ 10,800 $ 1.40 1,620 $ 16,200 $ 2.20 Total 4,320 $ 27,000 Job P $ 14,040 $22,680 Job 0 $8,640 $ 8,100 Direct materials Direct labor cont Actual machine-hours used: Molding Fabrication 1,850 650 860 960 Total 2,500 1,820 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: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 uned Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Molding Fabrication 2,700 $ 10,800 $ 1.40 1,620 $ 16,200 $ 2.20 Total 4,320 $ 27,000 Job P $ 14,040 $22,680 Job 0 $8,640 $ 8,100 Direct materials Direct labor cont Actual machine-hours used: Molding Fabrication 1,850 650 860 960 Total 2,500 1,820 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
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