re-Qulz Saved requirea inrormaion The following information applies to the quest

Question

re-Qulz Saved requirea inrormaion 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 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): Estinated total machine-hours used Estinated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Molding Pabrication Total 4,000 $13,000 $16,800 $29,800 2,500 1,500 $2.60 3.40 Job PJob 0 $25,000 $14,000 $ 30, 600 $12,300 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 2,90 2,000 2100 4,100 1,800 4,700 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. 10. How much manufacturing overhead was applied from the Molding Department to Job P and how much was applied to Job Q? (Do not round intermediate calculations.) Manufacturing overhead applied

Explanation / Answer

Basic working needed before answering the questions

Question - 10

Question - 11

Question - 12

Unit product cost = 5225

Question - 13

Unit product cost = 2418.67

For questions - 12 and 13 ............... calculating steps are as under

Question - 14  

Question - 15

Cost of goods sold = Cost of Job - P + Cost of Job - Q

= 104500 + 72560 =  177,060

Molding Fabrication Fixed Manufacturing OH 13000 16800 Machine hours 2500 1500 Fixed MOH per hour 5.2 11.2 Variable MOH per hour 2.6 3.4 Total MOH per hour 7.8 14.6

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