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. 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 addltional Information is avallable 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 Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour 2,580 1,58e 4,880 $18,758 $15,458 $26, 288 $1.72.5 Job P Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total $16,880 9,586 $23,480 $8,788 2,eee 980 2,98e 1,100 1,28e 2,38e Sweeten Company had no underapplled 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. Foundational 2-15 15. What was Sweeten Company's cost of goods sold for March? (Do not round Intermedlate calculations.)

Explanation / Answer

Overhead rates: Molding 6 =1.7+(10750/2500) Fabrication 12.8 =2.5+(15450/1500) 15 Direct materials 25500 =16000+9500 Direct labor 32100 =23400+8700 Overhead 45480 =(2000+1100)*6+(900+1200)*12.8 Cost of goods sold for March 103080

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