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) Total Estimated total machine-hours used Molding 4,400 Fabrication 2,640 7,040 Estimated total fixed manufacturing overhead $ 17,600 $ 44,000 Estimated variable manufacturing overhead per machine. $ 26,400 $ 2.20 hour $ 1.40 Job P Job Q Direct materials $ 22,800 $ 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 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.
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) Total Estimated total machine-hours used Molding 4,400 Fabrication 2,640 7,040 Estimated total fixed manufacturing overhead $ 17,600 $ 44,000 Estimated variable manufacturing overhead per machine. $ 26,400 $ 2.20 hour $ 1.40 Job P Job Q Direct materials $ 22,800 $ 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 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.
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter1: Introduction To Cost Accounting
Section: Chapter Questions
Problem 13E: Cycle Specialists manufactures goods on a job order basis. During the month of June, three jobs were...
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