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-JobPand Job Q. The following additional information is available for the company as a whole and for Jobs Pand Q (al dataand questions relate to the month of March)Istinatod total nachino-hours usedEatinated total fixed nanufacturing overhmadEstinated variable namutacturing overhead per machine bour2,500S10, 000$ 1.00Holding Fahrieanion Total1,500$15,000 $25,e00$ 2.204,000Job P Job$13,000 sa, 00$21,000 57,5e0Biruet muter ialDirect iabor costActual machinu-houra usudiHolding1,700600B00Fabrication900Tutal2, 3001,700Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month.Required:For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rate with machine-hours asthe allocation base. For questions 9-15, assume that the company uses departmental predetermined overhead rates withmachine-hours as the allocation base in both departments.9. What were the company's predetermined overhead rates in the Molding Department and theFabrication Department

Name: Sweeten Company had no jobs in progress at the beginning of March and
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Description: 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-JobPand Job Q. The follo

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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 Pand Job Q The following additional information is avnilable for the company as a whole and for Jobs Pand a(al data and questions relate to the month of March EeLinatod total nacnine-bours usod Eatinatad tutal fised manufacturing overhnad Holding Fahrianion nal 1,300 2,500 4,000 Istinated variable manutacturing overhend per machine hour S 1.40 2.20 Job Jeb o 13,00 ,00 21,00 7,5ee aiet muteriala Dreet inber cost Atal mahin-ho d Helding Pabrieation 1,70 00 2,300 Tetal Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month Required: For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. For questions 9-15, assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments. 9. What were the company's predetermined overhead rates in the Molding Department and the Fabrication Department

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 avnilable for the company as a whole and for Jobs Pand a(al data and questions relate to the month of March EeLinatod total nacnine-bours usod Eatinatad tutal fised manufacturing overhnad Holding Fahrianion nal 1,300 2,500 4,000 Istinated variable manutacturing overhend per machine hour S 1.40 2.20 Job Jeb o 13,00 ,00 21,00 7,5ee aiet muteriala Dreet inber cost Atal mahin-ho d Helding Pabrieation 1,70 00 2,300 Tetal Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month Required: For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. For questions 9-15, assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments. 9. What were the company's predetermined overhead rates in the Molding Department and the Fabrication Department

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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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): 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 Job P $ 13,000 $ 21,000 Manufacturing overhead applied 1,700 600 2,300 Job P Job Q $ 8,000 $ 7,500 800 900 1,700 Job Q Molding 2,500 $ 10,000 $ 1.40 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1 to 9, assume…
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 1,500 $15,150 $ 2.30 Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour 2,500 $10,250 $ 1.50 4,000 $25,400 Job P $14,000 $21,800 Job Q $8,500 $7,900 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 1,800 700 900 1,000 1,900 2,500 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rate with machine-hours…
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 Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour 1,560 $ 15,600 $ 2.20 4,160 $ 26,000 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…
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