101 102 103 104 38,200 105 18,050 106 18,000 For general factory use 9,000 c. Factory overhead costs incurred on account, $6,0 d. Depreciation of machinery and equipment, $4,10 e. The factory overhead rate is $40 per machine ho Job No. 101 102 103 104 105 106 154 160 Entries Machine Hours 126 238 Matera IS 160 174 $19,320 23,100 13,440 Total 1,012 & Jobs completed: 101, 102, 103, and 105. g. Jobs were shipped and customers were billed as Required: 1. Journalize the entries to record the summarized Description

Subject: accounting

H6

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 $ 22,360 $36,120 Manufacturing overhead applied 2,970 1,030 4,000 Job P Job Q $ 13,760 $ 12,900 1,380 1,500 2,880 Job Q Molding 4,300 $ 17,200 $ 1.40 Fabrication 2,580 $25,800 $ 43,000 6,880 $ 2.20 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1 to 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 to 15, assume that the company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. Total 11. How much manufacturing overhead was applied to Job P and how much was applied to Job Q? (Do not…

None

2. The company incurred factory overhead cost as follows: Indirect materials $ 28,300Indirect labor 52,300Factory Utilities cost 6,000Factory Depreciation 10,200Journalize the entry to record the actual factory overhead incurred during February.

Compute Manufacturinh Overhead costs: Electricity for Factory-         15,800 Labor-                                  31,000 Rent for factory-                  23,000 Insurance on factory-          1,400 glass for bulbs-                    55,200 cardboard for packaging-    7,000 Is my cost driver Labor 31,000? Wha tare my units? Estimated total Manufacturing overhead?Estimated total hours?

aj.3

Hardev

Balances:​​​                     Beginning​             Ending Direct materials​​           13,500​​7                  300 Work in process inventory ​ 0​​                     3,400 Finished goods inventory​    0​                     ​5,100 Other information: Direct materials purchase​ 36,000 Plant expenses​​​                   19,000 Sales salaries​​​                      6,200 Delivery of items sold​         ​1,100 Net sales revenue​​             108,500 Customer hotline costs​​      4,800 Direct labor​​​                         24,000 Create a Schedule of Cost of Good Manufactured. Create an Income Statement.