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
Uploaded: 2024-03-20T06:32:49.000Z
Channel: Bartleby
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

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

See similar textbooks

Similar questions

Number of Direct Labor Hours Machine Hours Product Units Per Unit Per Unit Blinks 1,037 3 7 Dinks 2,059 6 6 All of the machine hours take place in the Fabrication department, which has an estimated overhead of $111,000. All of the labor hours take place in the Assembly department, which has an estimated total overhead of $88,600. Ramapo Company uses a single plantwide overhead rate to apply all factory overhead costs. The single plantwide rate if it is based on machine hours instead of labor hours, is a.$23.41 per machine hour b.$12.72 per machine hour c.$8.14 per machine hour d.S10.18 per machine hour
Raw materials $9.800 Work in process 65,847 Finished goods 30,640 Work in process consisted of the following jobs: Job 22 Job 24 Job 25 $4,800 Direct materials $6,200 Direct labour $5,190 9,210 6,447 10,500 7,350 9,500 Applied overhead 6,650 Total $24,050 $20,847 $20,950 Number of units 20 40 30 Finished goods consisted of Job 23, with the following costs: Job 23 Direct materials $8,200 Direct labour 13,200 Applied overhead 9,240 Total $30,640 50 Number of units Shown below are the direct cost data related to jobs started in October: Direct materials Job 26 $5,180 $11,200 Job 27 Job 28 $5,600 $4,200 $9,340 $5,910 Total $14,980 $26,450 Direct labour Number of units 20 30 20
pls help asap
Direct material used 5,000 Direct labor hours worked 30 Actual overhead 220 Machine time used 12 Direct Labor rate per hour 7 Overhead application rate per hour of time machine 18 What is the total cost?
Cost per Equivalent Unit—Weighted-Average Method Superior Micro Products uses the weighted-average method in its process costing system. Data for the Assembly Department for May appear below: Required: Compute the cost per equivalent unit for materials, labor, overhead, and in total.
Problem 1 Brabensky Company produces a product in two departments: (1) Assembly and (2) Painting. The company uses a process cost accounting system. Purchased raw materials for $90,000 on account. Raw materials requisitioned for production were: Direct materials Assembly department $77,000 Factory labor used: Assembly department $34,000 Painting department 18,000 Manufacturing overhead is applied to the product based on machine hours used in each department: Assembly department—320 machine hours at $40 per machine hour. Painting department—120 machine hours at $15 per machine hour. Units costing $86,000 were completed in the Painting Department and were transferred to the Finished Good. Finished goods costing $70,000 were sold on cash for $102,000. Instructions Prepare the journal…
Use three different activities as cost drivers, machine setups, machine hours, and inspections to compute the overhead rate for each activity. Activity Overhead per Activity Annual Usage Machine Setups $75,000 6,000 Machine Hours $85,002 5,484 Inspections 70,000 20,000
Please do not give solution in image format thanku
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 manufacturing cost machine-hour Job P $ 23,400 $ 37,800 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication 3,020 1,080 4,100 Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per 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 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. WIWhat was the total manufacturing cost assigned to…
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…
Beginning direct materials Beginning finished goods Beginning work in process Selling & administrative expenses Gross profit Cost of goods manufactured Factory overhead Direct labor $20,900 32,000 21,200 17,000 42,000 328,000 ? Direct materials purchases Ending direct materials Ending work in process Ending finished goods 124,100 24,800 16,500 40,000 Manufacturing costs incurred =
Estimated Estimated Cost Drivers Activity Cost Overhead Street Mountain Pools Costs Tires Tires Machine set ups $ 90,000 150 350 Assembling $500,000 25,000 15,000 Inspection $400,000 180 320 Question Using the activity-based costing approach, determine the applied overhead rates for Darter Company.