Sweeten Company had no jobs in progress at the beginning of March and no beginni

Question

Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. It started only two jobs during March—Job P and Job Q. Job P was completed and sold by the end of March and Job Q was incomplete at the end of March. The company uses a plantwide predetermined overhead rate based on direct labor-hours. 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 fixed manufacturing overhead $ 11,000 Estimated variable manufacturing overhead per direct labor-hour $ 1.20 Estimated total direct labor-hours to be worked 2,200 Total actual manufacturing overhead costs incurred $ 12,700 Required 1. What is the company's predetermined overhead rate? (Round your answer to 2 decimal places.) Predetermined overhead rate per DLH

Explanation / Answer

1) Predetermine overhead rate = (11000/2200)+1.20 = 6.20 per labour hour

2) Overhead applied

3) Direct labour hourly wage rate :

4) Unit product cost = (13200+16900+8060)/24 = 1590 per unit

Note :Pleasse post rest part as individual question because as per chegg policy only 4 parts can be answered

Job P Job Q manufacturing overhead applied 1300*6.2 = 8060 600*6.2 = 3720

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