Direct materialsDirect labor costActual machine-hours used:MoldingFabricationTotalEstimated total machine-hours usedEstimated total fixed manufacturing overheadEstimated variable manufacturing overhead per machine-hourThe direct materials cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows:Job P$ 25,000$ 30,600Molding2,500$ 13,000$ 2.602,9001,8004,7005. What is the total manufacturing cost assigned to Job Q?Note: Do not round intermediate calculations.Total manufacturing costJob Q$ 14,000$ 12,300Fabrication1,500$ 16,800$ 3.402,0002,1004,100TotalSweeten Company had no overapplied or underapplied manufacturing overhead costs during the year.4,000$ 29,800Required:For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rate withmachine-hours as the allocation base. For questions, 9-15, assume that the company usespredetermined departmental overhead rates with machine-hours as the allocation base in bothdepartments.

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Description: Direct materialsDirect labor costActual machine-hours used:MoldingFabricationTotalEstimated total machine-hours usedEstimated total fixed manufacturing overheadEstimated variable manufacturing overhead per machine-hourThe direct materials cost, dire

PREDETERMINED OVERHEAD RATEPredetermined rate means the indirect cost rate.Predetermined overhead…

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Estimated total machine-hours used Molding 2,500 Fabrication 1,500 Total 4,000 Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour $ 13,000 $ 2.60 $ 16,800 $ 29,800 $ 3.40 The direct materials cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows: Job Q $ 14,000 $ 12,300 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total Job P $ 25,000 $ 30,600 5. What is the total manufacturing cost assigned to Job Q? Note: Do not round intermediate calculations. Total manufacturing cost 2,900 1,800 4,700 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 as the allocation base. For questions, 9-15, assume that the company uses predetermined departmental overhead rates with machine-hours as the allocation base in both departments. 2,000 2,100 4,100

Estimated total machine-hours used Molding 2,500 Fabrication 1,500 Total 4,000 Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour $ 13,000 $ 2.60 $ 16,800 $ 29,800 $ 3.40 The direct materials cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows: Job Q $ 14,000 $ 12,300 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total Job P $ 25,000 $ 30,600 5. What is the total manufacturing cost assigned to Job Q? Note: Do not round intermediate calculations. Total manufacturing cost 2,900 1,800 4,700 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 as the allocation base. For questions, 9-15, assume that the company uses predetermined departmental overhead rates with machine-hours as the allocation base in both departments. 2,000 2,100 4,100

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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