Required information[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 hastwo 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 (alldata and questions relate to the month of March):Estimated total machine-hours usedEstimated total fixed manufacturing overheadEstimated variable manufacturing overhead per machine-hourDirect materialsDirect labor costActual machine-hours used:MoldingFabricationTotalJob P$18,000$25,0002,2001,1003,300Unit product costJob Q$10,500$9,5001,3001,4002,700Molding2,500$11,250$ 1.90Fabrication1,500$15,750$ 2.70Total4,000$27,000Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month.Required:For questions 1-9, assume that Sweeten Company uses departmental predetermined overhead rates with machine-hoursas the allocation base in both departments and Job P included 20 units and Job Q included 30 units. For questions 10-15,assume that the company uses a plantwide predetermined overhead rate with machine-hours as the allocation base.5. If Job P included 20 units, what was its unit product cost? (Do not round intermediate calculations. Round your final answer tonearest whole dollar.) [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 hastwo 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 (alldata and questions relate to the month of March):Estimated total machine-hours usedEstimated total fixed manufacturing overheadEstimated variable manufacturing overhead per machine-hourDirect materialsDirect labor costActual machine-hours used:MoldingFabricationTotalJob P$18,000$25,0002,2001,1003,300Total manufacturing costJob Q$10,500$9,5001,3001,4002,700Molding2,500$11,250$ 1.90Fabrication1,500$15,7502.70$Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month.Required:For questions 1-9, assume that Sweeten Company uses departmental predetermined overhead rates with machine-hoursas the allocation base in both departments and Job P included 20 units and Job Q included 30 units. For questions 10-15,assume that the company uses a plantwide predetermined overhead rate with machine-hours as the allocation base.4. What was the total manufacturing cost assigned to Job P? (Do not round intermediate calculations.)Total4,000$27,000

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Description: Required information[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 hastwo manufacturing departments-Molding and Fabrica

Overhead expenses are what it costs to run the business, including rent, insurance, and utilities.…

Business

Accounting

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 Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total Job P $18,000 $25,000 2,200 1,100 3,300 Job Q $10,500 $ 9,500 1,300 1,400 2,700 Molding 2,500 $11,250 $ 1.90 Total Fabrication 1,500 4,000 $15,750 $27,000 $ 2.70 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1-9, assume that Sweeten Company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments and Job P included 20 units and Job Q included 30 units. For questions 10-15, assume that the company uses a plantwide predetermined overhead rate with machine-hours as the allocation base.

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 Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total Job P $18,000 $25,000 2,200 1,100 3,300 Job Q $10,500 $ 9,500 1,300 1,400 2,700 Molding 2,500 $11,250 $ 1.90 Total Fabrication 1,500 4,000 $15,750 $27,000 $ 2.70 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1-9, assume that Sweeten Company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments and Job P included 20 units and Job Q included 30 units. For questions 10-15, assume that the company uses a plantwide predetermined overhead rate with machine-hours as the allocation base.

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter1: Introduction To Cost Accounting

Section: Chapter Questions

Problem 11P: Spokane Production Co. obtained the following information from its records for July: Required: 1....

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[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 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 Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total Job P $18,000 $25,000 Predetermined overhead rate 2,200 1,100 3,300 per MH Job Q $10,500 $9,500 1,300 1,400 2,700 Molding 2,500 $11,250 $ 1.90 Fabrication 1,500 $15,750 2.70 $ Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1-9,…
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 Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total Total price for the job Selling price per unit Job P $18,000 $25,000 Job P 2,200 1,100 3,300 Job Q Job Q $10,500 $9,500 1,300 1,400 2,700 Molding 2,500 $11,250 $ 1.90 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1-9, assume that Sweeten Company uses departmental predetermined overhead rates with…
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 Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Direct materials. Direct labor cost Actual machine-hours used: Molding Fabrication Total Job P $18,000 $25,000 2,200 1,100 3,300 Total manufacturing cost Job Q $10,500 $9,500 1,300 1,400 2,700 Molding 2,500 $11,250 $ 1.90 Fabrication Total 1,500 4,000 $15,750 $27,000 $ 2.70 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1-9, assume that Sweeten Company uses departmental predetermined…
[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 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): Molding Fabrication Total Estimated total machine-hours used 2,500 1,500 4,000 Estimated total fixed manufacturing overhead $ 15,000 $ 18,000 $ 33,000 Estimated variable manufacturing overhead per machine-hour $ 3.40 $ 4.20 Job P Job Q Direct materials $ 33,000 $ 18,000 Direct labor cost $ 37,000 $ 15,500 Actual machine-hours used: Molding 3,700 2,800 Fabrication 2,600 2,900 Total 6,300 5,700 Sweeten Company…
Required information [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 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 Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total Job P $ 13,000 $ 21,000 Manufacturing overhead applied 1,700 600 2,300 Job P Job Q $ 8,000 $ 7,500 800 900 1,700 Job Q Molding 2,500 $ 10,000 $ 1.40 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1 to 9, assume…
Required information [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 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 Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total Job P Job Q $ 22,360 $ 13,760 $36,120 $ 12,900 2,970 1,030 4,00 1,380 1,500 2,880 Molding 4,300 $ 17,200 $ 1.40 Fabrication 2,580 $ 25,800 $ 2.20 Total 6,880 $ 43,000 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For…
Required information [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 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 Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total Cost of goods sold Job P $ 13,000 $ 21,000 $ 1,700 600 2,300 81,840 Job Q $ 8,000 $ 7,500 800 900 1,700 Molding 2,500 $ 10,000 $ 1.40 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1 to 9, assume that Sweeten…
Required information [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 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 Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Job P $ 21,840 $ 35,280 Cost of goods sold Job Q $13,440 $12,600 2,890 1,010 3,900 Molding 4,200 $ 16,800 $ 1.40 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1 to 9, assume that Sweeten Company uses…
Required information [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 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 Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Direct materials. Direct labor cost Actual machine-hours used: Molding Fabrication Total Job P $ 17,160 $ 27,720 2,210 790 3,000 Unit product cost Job Q $ 10,560 $ 9,900 1,060 1,220 2,280 Molding 3,300 $ 13,200 $ 1.40 Fabrication 1,980 $ 19,800 $ 2.20 - Total 5,280 $ 33,000 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month.…
Required information [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 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 Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total Total price for the job Selling price per unit Job P $ 13,000 $ 21,000 Job P 1,700 600 2,300 Job Q Job Q $ 8,000 $ 7,500 800 900 1,700 Molding 2,500 $ 10,000 $ 1.40 Fabrication 1,500 $ 15,000 $ 2.20 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during…
Required information [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 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): Molding Fabrication Total Estimated total machine-hours used 2,500 1,500 4,000 Estimated total fixed manufacturing overhead $ 13,000 $ 16,800 $ 29,800 Estimated variable manufacturing overhead per machine-hour $ 2.60 $ 3.40 Job P Job Q Direct materials $ 25,000 $ 14,000 Direct labor cost $ 30,600 $ 12,300 Actual machine-hours used: Molding 2,900 2,000 Fabrication 1,800 2,100 Total 4,700 4,100…
Required information [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 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): Molding Fabrication Total Estimated total machine-hours used 2,500 1,500 4,000 Estimated total fixed manufacturing overhead $ 13,000 $ 16,800 $ 29,800 Estimated variable manufacturing overhead per machine-hour $ 2.60 $ 3.40 Job P Job Q Direct materials $ 25,000 $ 14,000 Direct labor cost $ 30,600 $ 12,300 Actual machine-hours used: Molding 2,900 2,000 Fabrication 1,800 2,100 Total 4,700 4,100…