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 Total 4,160 S 26,000 Fabrication Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour 1,560 $ 15,600 $ 2.20 $1.40 Job P $ 13,520 $ 21,840 Job Q $ 8,320 $ 7,800 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication 1,780 620 830 930 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 hase

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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
Estimated total machine-hours used
4,160
$ 26,000
Estimated total fixed manufacturing overhead
Estimated variable manufacturing overhead per machine-hour
Direct materials
Direct labor cost
Job P
$ 13,520
$ 21,840
Job Q
$ 8,320
$ 7,800
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.
7. 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.)
X Answer is complete but not entirely correct.
Unit product cost
2$
1,004 X
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 Estimated total machine-hours used 4,160 $ 26,000 Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Direct materials Direct labor cost Job P $ 13,520 $ 21,840 Job Q $ 8,320 $ 7,800 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. 7. 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.) X Answer is complete but not entirely correct. Unit product cost 2$ 1,004 X
!
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
Estimated total machine-hours used
4,160
$ 26,000
Estimated total fixed manufacturing overhead
Estimated variable manufacturing overhead per machine-hour
Job P
Direct materials
Direct labor cost
$ 13,520
$ 21,840
Job Q
$ 8,320
$ 7,800
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.
6. What was the total manufacturing cost assigned to Job Q? (Do not round intermediate calculations.)
Answer is complete but not entirely correct.
Total manufacturing cost
$
30,112
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 Estimated total machine-hours used 4,160 $ 26,000 Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Job P Direct materials Direct labor cost $ 13,520 $ 21,840 Job Q $ 8,320 $ 7,800 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. 6. What was the total manufacturing cost assigned to Job Q? (Do not round intermediate calculations.) Answer is complete but not entirely correct. Total manufacturing cost $ 30,112
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