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 Estimated total machine-hours used   2,500     1,500     4,000   Estimated total fixed manufacturing overhead $ 13,000   $ 16,800   $ 29,800   Estimated variable manufacturing overhead per machine-hour $ 2.60   $ 3.40               Job P Job Q Direct materials $ 25,000   $ 14,000   Direct labor cost $ 30,600   $ 12,300   Actual machine-hours used:             Molding   2,900     2,000   Fabrication   1,800     2,100   Total   4,700     4,100       Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month.   Required: For questions 1-9, 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 10-15, assume that the company uses a plantwide predetermined overhead rate with machine-hours as the allocation base.   5. If Job P included 20 units, what was its unit product cost? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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):

 

  Molding Fabrication Total
Estimated total machine-hours used   2,500     1,500     4,000  
Estimated total fixed manufacturing overhead $ 13,000   $ 16,800   $ 29,800  
Estimated variable manufacturing overhead per machine-hour $ 2.60   $ 3.40        
 

 

  Job P Job Q
Direct materials $ 25,000   $ 14,000  
Direct labor cost $ 30,600   $ 12,300  
Actual machine-hours used:            
Molding   2,900     2,000  
Fabrication   1,800     2,100  
Total   4,700     4,100  
 

 

Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month.

 

Required:

For questions 1-9, 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 10-15, assume that the company uses a plantwide predetermined overhead rate with machine-hours as the allocation base.

 

5. If Job P included 20 units, what was its unit product cost? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.)

 

 

 

 

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