Estimated total machine-hours used4,000Estimated total fixed manufacturing overhead2,500$ 11,750$ 2.101,500$ 16,050$ 2.90$ 27,800Estimated variable manufacturing overhead per machine-hourThe direct materials cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows:Direct materialsJob P$ 20,000$ 26,600Job Q$ 11,500Direct labor cost$ 10,300Actual machine-hours used:Molding2,4001,500Fabrication1,3001,600Total3,7003,100Sweeten Company had no overapplied or underapplied manufacturing overhead costs during the year.Required:For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rate with machine-hours asthe allocation base. For questions, 9-15, assume that the company uses predetermined departmental overhead rates withmachine-hours as the allocation base in both departments.Foundational 2-13 (Algo)13. If Job Q includes 30 units, what is its unit product cost? (Do not round intermediate calculations. Round your final answer tnearest whole dollar.)Unit product cost Estimated variable manufacturing overhead per machine-hour$ 2.10$ 2.90The direct materials cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows:Direct materialsDirect labor costJob P$ 20,000.Job Q$ 11,500$ 26,600$ 10,300Actual machine-hours used:MoldingFabrication2,4001,5001,3001,600Total3,7003,100Sweeten Company had no overapplied or underapplied manufacturing overhead costs during the year.Required:For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rate with machine-hours asthe allocation base. For questions, 9-15, assume that the company uses predetermined departmental overhead rates withmachine-hours as the allocation base in both departments.Foundational 2-11 (Algo)11. How much manufacturing overhead was applied from the Fabrication Department to Job P and how much was applied to Je(Do not round intermediate calculations.)Job PJob QManufacturing overhead applied

Name: Estimated total machine-hours used4,000Estimated total fixed manufact
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Description: Estimated total machine-hours used4,000Estimated total fixed manufacturing overhead2,500$ 11,750$ 2.101,500$ 16,050$ 2.90$ 27,800Estimated variable manufacturing overhead per machine-hourThe direct materials cost, direct labor cost, and machine-hour

The overhead rate is calculated as estimated overhead cost divided by estimated base activity.

Business

Accounting

Estimated total machine-hours used 2,500 4,000 $ 27,800 Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour 1,500 $ 16,050 $ 2.90 $ 11,750 $ 2.10 The direct materials cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows: Job Q Direct materials Job P $ 20,000 $ 11,500 Direct labor cost $ 26,600 $ 10,300 Actual machine-hours used: Molding 2,400 1,500 Fabrication 1,300 1,600 Total 3,700 3,100 Sweeten Company had no overapplied or underapplied manufacturing overhead costs during the year. Required: For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rate with machine-hours a the allocation base. For questions, 9-15, assume that the company uses predetermined departmental overhead rates wit machine-hours as the allocation base in both departments. Foundational 2-13 (Algo)

Estimated total machine-hours used 2,500 4,000 $ 27,800 Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour 1,500 $ 16,050 $ 2.90 $ 11,750 $ 2.10 The direct materials cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows: Job Q Direct materials Job P $ 20,000 $ 11,500 Direct labor cost $ 26,600 $ 10,300 Actual machine-hours used: Molding 2,400 1,500 Fabrication 1,300 1,600 Total 3,700 3,100 Sweeten Company had no overapplied or underapplied manufacturing overhead costs during the year. Required: For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rate with machine-hours a the allocation base. For questions, 9-15, assume that the company uses predetermined departmental overhead rates wit machine-hours as the allocation base in both departments. Foundational 2-13 (Algo)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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