[The following information applies to the questions displayed below.] Sweeten Co

Question

[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. It started only two jobs during March—Job P and Job Q. Job P was completed and sold by the end of the March and Job Q was incomplete at the end of the 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):

1.What is the company’s predetermined overhead rate?

2. How much manufacturing overhead was applied to Job P and Job Q?

3.What is the direct labor hourly wage rate?

4a. If Job P includes 35 units, what is its unit product cost?

4bWhat is the total amount of manufacturing cost assigned to Job Q as of the end of March (including applied overhead)?

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 the March and Job Q was incomplete at the end of the 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):

Explanation / Answer

job P = 5.55 * 3100 = 17205

job Q = 5.55* 550 = 3052.5

3 . direct labor hourly wage rate =

Job p = 58900/3100 = 19

Job Q= 10450/550 = 19

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