the answer in the nearest whole dollar 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 O (alldata and questions relate to the month of March)Estimated total machine-hourn usedEatimated total tixed manutacturing overheadEatinated variable manufaetur ing overhead permachine-hourMolding Fabrication2,90011,600Total4,640$ 29, 0001,740$17,400$1.40$2.20Direct naterialaDirect labor contActual machine-hours usedsMoldingJob P$ 15,080$ 24,360Job 0$9,280S,7002,0007002, 7009301,0101,940FabricationTotalSweeten Company had no underapplied or averapplied manufacturing overhead costs during the month.Required:For questions 1 to 9, assume that Sweeten Company uses departmentol 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 questions10 to 15. assume that the company uses a plantwide predetermined overhead rate with machine-hours as the allocationbase.5. If Job P included 20 units, what was its unit product cost? (De not round intermediate calculations. Round your final answer to

The overhead rate is calculated as estimated overhead cost divided by estimated base activity.

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 Pand Job Q. The following additional information is available for the company as a whole and for Jobs P and O (all data and questions relate to the month of March): Holding Fabrication 2,900 $ 11,600 Total Estinated total machine-hours used 4,640 $ 29,000 1,740 $ 17, 400 Eatinated total tixed manutacturing overhead Tatinated variable manufaeturing overhead per machine-hour $1.40 $2.20 Job P Job 0 $9,200 SH,700 Direct materiala 15,080 $ 24, 340 Direct labor cont Actual nachine-hours used Moiding 2,000 700 930 1,010 1,940 Fabrication Total 2,700 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month

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 Pand Job Q. The following additional information is available for the company as a whole and for Jobs P and O (all data and questions relate to the month of March): Holding Fabrication 2,900 $ 11,600 Total Estinated total machine-hours used 4,640 $ 29,000 1,740 $ 17, 400 Eatinated total tixed manutacturing overhead Tatinated variable manufaeturing overhead per machine-hour $1.40 $2.20 Job P Job 0 $9,200 SH,700 Direct materiala 15,080 $ 24, 340 Direct labor cont Actual nachine-hours used Moiding 2,000 700 930 1,010 1,940 Fabrication Total 2,700 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month

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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