Can you help me with this problem with step by step explanation, please? I'm not sure what I did wrong ### Sweeten Company: Overview of Manufacturing and Cost of Goods Sold Calculation#### Company ContextSweeten Company did not have any jobs in progress at the beginning of March and no beginning inventories. The company operates two distinct manufacturing departments—Molding and Fabrication. For the month of March, Sweeten Company started, completed, and sold only two jobs: Job P and Job Q. Below is detailed information for both jobs and the company as a whole.#### Key Data for March**Machine-Hours and Overhead Estimates:**- **Molding Department:** - Estimated total machine-hours used: 2,900 hours - Estimated total fixed manufacturing overhead: $11,600 - Estimated variable manufacturing overhead per machine-hour: $1.40- **Fabrication Department:** - Estimated total machine-hours used: 1,740 hours - Estimated total fixed manufacturing overhead: $17,400 - Estimated variable manufacturing overhead per machine-hour: $2.20- **Company Total:** - Estimated total machine-hours used: 4,640 hours - Estimated total fixed manufacturing overhead: $29,000**Job-Specific Data:**| Category | Job P | Job Q ||------------------------------|------------------|--------------|| Direct Materials | $15,080 | $9,280 || Direct Labor Cost | $24,360 | $8,700 || Actual Machine-Hours Used: | | || - Molding | 2,000 hours | 930 hours || - Fabrication | 700 hours | 1,010 hours || **Total Machine-Hours** | **2,700 hours** | **1,940 hours**|#### Overhead ApplicationSweeten Company had no underapplied or overapplied manufacturing overhead costs during the month.#### Requirements and Assumptions1. For Questions 1 to 9, assume that Sweeten Company uses departmental predetermined overhead rates with machine-hours as the allocation base. Job P included 20 units, and Job Q included 30 units.2. For Questions 10 to 15, assume that the company uses a plantwide predetermined overhead rate with machine-hours as the allocation base.#### Calculation of Cost of Goods Sold (COGS) for March**Question 9: What was Sweet

>Overheads are to be applied to the work in process or Jobs based on an overhead application…

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 Cost of goods sold Job P $ 15,080 $ 24,360 $ 2,000 700 2,700 21,504 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 9. What was Sweeten Company's cost of goods sold for March? (Do not round intermediate calculations.) Total 4,640 $ 29,000

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter1: Introduction To Cost Accounting

Section: Chapter Questions

Problem 8P: OReilly Manufacturing Co.s cost of goods sold for the month ended July 31 was 345,000. The ending...