MANAGERIAL ACCOUNTING-W/ACCESS >C<
22nd Edition
ISBN: 9781307839302
Author: Garrison
Publisher: MCG/CREATE
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Chapter 2, Problem 12F15
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 |
$10,000 | $15,000 | $25,000 |
| Estimated variable manufacturing overhead per machine-hour | $1.40 | $2.20 |
| Job P | Job Q | |
| Direct materials | $13,000 | $8,000 |
| Direct labor cost | $21,000 | $7,500 |
| Actual machine-hours used: | ||
| Molding | 1,700 | 800 |
| Fabrication | 600 | 900 |
| Total | 2,300 | 1,700 |
Sweeten Company had no underapplied or overapplied
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.
12. If Job P included 20 units, what was its unit product cost?
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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
2,600
1,560
4,160
Estimated total fixed manufacturing overhead
$ 10,400
$ 15,600
$ 26,000
Estimated variable manufacturing overhead per machine-hour
$ 1.40
$ 2.20
Job P
Job Q
Direct materials
$ 13,520
$ 8,320
Direct labor cost
$ 21,840
$ 7,800
Actual machine-hours used:
Molding
1,780
830
Fabrication
620
930
Total
2,400
1,760
Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month.
Required: Assume that Sweeten Company uses departmental…
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
2,600
1,560
4,160
Estimated total fixed manufacturing overhead
$ 10,400
$ 15,600
$ 26,000
Estimated variable manufacturing overhead per machine-hour
$ 1.40
$ 2.20
Job P
Job Q
Direct materials
$ 13,520
$ 8,320
Direct labor cost
$ 21,840
$ 7,800
Actual machine-hours used:
Molding
1,780
830
Fabrication
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…
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
4,400
2,640
7,040
Estimated total fixed manufacturing overhead
$ 17,600
$ 26,400
$ 44,000
Estimated variable manufacturing overhead per machine-hour
$ 1.40
$ 2.20
Job P
Job Q
Direct materials
$ 22,880
$ 14,080
Direct labor cost
$ 36,960
$ 13,200
Actual machine-hours used:
Molding
3,040
1,410
Fabrication
1,060
1,530
Total
4,100
2,940
Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month.
Required:
For questions 1 to 6, assume that Sweeten Company…
Chapter 2 Solutions
MANAGERIAL ACCOUNTING-W/ACCESS >C<
Ch. 2.A - EXERCISE 2A-1 Activity-Based Absorption Costing...Ch. 2.A - EXERCISE 2A-2 Activity-Based Absorption Costing as...Ch. 2.A - EXERCISE 2A-3 Activity-Based Absorption Costing as...Ch. 2.A - PROBLEM 2A-4 Activity-Based Absorption Costing as...Ch. 2.A - Prob. 5PCh. 2.A -
CASE 2A-6 Activity-Based Absorption Costing and...Ch. 2.B - EXERCISE 2B-1 Overhead Rate Based on Capacity...Ch. 2.B - EXERCISE 2B-2 Overhead Rates and Capacity Issues...Ch. 2.B - Prob. 3PCh. 2.B - Prob. 4C
Ch. 2 - Prob. 1QCh. 2 - What is absorption costing?Ch. 2 - What is normal costing?Ch. 2 - How is the unit product cost of a job calculated?
Ch. 2 - Explain the four-step process used to compute a...Ch. 2 - What is the purpose of the job cost sheet in a...Ch. 2 - Explain why some production costs must be assigned...Ch. 2 - Why do companies use predetermined overhead rates...Ch. 2 - What factors should be considered in selecting an...Ch. 2 - If a company fully allocates all of its overhead...Ch. 2 - Would you expect the amount of applied overhead...Ch. 2 - Prob. 12QCh. 2 - What is a plantwide overhead rate? Whyare multiple...Ch. 2 - This Excel worksheet relates to the Dickson...Ch. 2 - This Excel worksheet relates to the Dickson...Ch. 2 - Prob. 3AECh. 2 - This Excel worksheet relates to the Dickson...Ch. 2 - Prob. 1F15Ch. 2 - Prob. 2F15Ch. 2 - Prob. 3F15Ch. 2 - Prob. 4F15Ch. 2 - Prob. 5F15Ch. 2 - Prob. 6F15Ch. 2 - Prob. 7F15Ch. 2 - Prob. 8F15Ch. 2 - Prob. 9F15Ch. 2 - Prob. 10F15Ch. 2 - Prob. 11F15Ch. 2 - Sweeten Company had no jobs in progress at the...Ch. 2 - Prob. 13F15Ch. 2 - Prob. 14F15Ch. 2 - Prob. 15F15Ch. 2 - EXERCISE 2-1 Compute a Predetermined Overhead Rate...Ch. 2 - Prob. 2ECh. 2 - EXERCISE 2–3 Computing Total Job Costs and Unit...Ch. 2 - EXERCISE 24 Computing Total Job Costs and Unit...Ch. 2 - EXERCISE 2-5 Computing Total Job Costs and Unit...Ch. 2 - Prob. 6ECh. 2 - EXERCISE 2-7 Job-Order Costing; Working Backwards...Ch. 2 - EXERCISE 2-8 Applying Overhead Cost; Computing...Ch. 2 - EXERCISE 2–9 Job-Order Costing and Decision Making...Ch. 2 - Prob. 10ECh. 2 - Prob. 11ECh. 2 - Prob. 12ECh. 2 - EXERCISE 2—13 Departmental Predetermined Overhead...Ch. 2 - EXERCISE 214 Job-Orders Costing for a Service...Ch. 2 - Prob. 15ECh. 2 - PROBLEM 2—16 Plantwide Predetermined Overhead...Ch. 2 - PROBLEM 217 Plantwide and Departmental...Ch. 2 - Prob. 18PCh. 2 - Prob. 19PCh. 2 - Prob. 20PCh. 2 - PROBLEM 2-21 Plant wide Versus Multiple...Ch. 2 - CASE 2-22 Plantwide versus Departmental Overhead...
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