The Foundational 15 (LO2-1, LO2-2, LO2-3, LO2-4] (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 2,500 $10,250 $ 1.50 Molding Fabrication Total 1,500 $15,150 $ 2.30 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 1,800 700 2,500 900 1,000 |1,900 Total 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.
The Foundational 15 (LO2-1, LO2-2, LO2-3, LO2-4] (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 2,500 $10,250 $ 1.50 Molding Fabrication Total 1,500 $15,150 $ 2.30 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 1,800 700 2,500 900 1,000 |1,900 Total 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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![The Foundational 15 (LO2-1, LO2-2, LO2-3, LO2-4]
(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
2,500
$10,250
$ 1.50
Molding Fabrication Total
1,500
$15,150
$ 2.30
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
1,800
700
900
1,000
| 1,900
Total
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 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.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4108a76a-9cb8-4da6-98f5-6ac8b55ddaa6%2F720c8d7e-6b82-41dc-b309-283acb5e6940%2Fbl2kmdp_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The Foundational 15 (LO2-1, LO2-2, LO2-3, LO2-4]
(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
2,500
$10,250
$ 1.50
Molding Fabrication Total
1,500
$15,150
$ 2.30
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
1,800
700
900
1,000
| 1,900
Total
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 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.
Transcribed Image Text:Foundational 2-6
6. 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.)
Unit product cost
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