1 answer

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

Question:

Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. The company has two manufactu
2. How much manufacturing overhead was applied to Job P and how much was applied to Job Q? (Do not round intermediate calcula
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): Estimated total machine-hours used Molding Fabrication Total 2,500 1,500 4,000 Estimated total fixed manufacturing overhead $14,750 $17,850 $32,600 Estimated variable manufacturing overhead per machine-hour $ 3.30 $ 4.10 Job P $32,000 $36,200 Job o $17,500 $15,100 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 3,600 2,500 6, 100 2,700 2,800 5,500 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.
2. How much manufacturing overhead was applied to Job P and how much was applied to Job Q? (Do not round intermediate calculations.) Job P JobQ Manufacturing overhead applied

Answers

Job P Job Q
Manufacturing overhead applied        [Pre-determined overhead rate x Actual machine hours used]

$71,675

[$11.75 x 6,100 hours]

$64,625

[$11.75 x 5,500 hours]

.

.

Working note - Calculation of predetermined overhead rate
Molding Fabrication Total
Estimated total machine-hours used                                                      (a) 2,500 1,500
Estimated variable manufacturing overhead per machine-hour             (b) $3.30 $4.10
Estimated variable manufacturing overhead cost                                  (c = a x b) $8,250 $6,150

$14,400

[$8,250 + $6,150]

Estimated total fixed manufacturing overhead (d) $32,600
Estimated total manufacturing overhead                                           (e = c + d) $47,000
Estimated total machine hours                                                               (f) 4,000
Predetermined overhead rate                                                                  (e / f) $11.75
.

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