Oring Enabled: ADM 2223 Mid Course Test - Colto... Saved 8 of 8 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 35:43 Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Molding 2,500 $11,500 $ 2.00 Fabrication 1,500 $15,900 $ 2.80 Total 4,000 $27,400 Direct materials Job P $19,000 ok Direct labor cost $25,800 Job Q $11,000 $ 9,900 Actual machine-hours used: Molding 2,300 1,400 Fabrication 1,200 1,500 Total 3,500 2,900 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. 1. What were the company's predetermined overhead rates in the Molding Department and the Fabrication Department? (Round your answers to 2 decimal places.) Molding Department Fabrication Department 80 Predetermined Overhead Rate per MH per MH 0 S < Prev 18 19 20 25 of 26 Next > *.** 0 DII F8 F9 Help NAD F10
Oring Enabled: ADM 2223 Mid Course Test - Colto... Saved 8 of 8 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 35:43 Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Molding 2,500 $11,500 $ 2.00 Fabrication 1,500 $15,900 $ 2.80 Total 4,000 $27,400 Direct materials Job P $19,000 ok Direct labor cost $25,800 Job Q $11,000 $ 9,900 Actual machine-hours used: Molding 2,300 1,400 Fabrication 1,200 1,500 Total 3,500 2,900 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. 1. What were the company's predetermined overhead rates in the Molding Department and the Fabrication Department? (Round your answers to 2 decimal places.) Molding Department Fabrication Department 80 Predetermined Overhead Rate per MH per MH 0 S < Prev 18 19 20 25 of 26 Next > *.** 0 DII F8 F9 Help NAD F10
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter2: Accounting For Materials
Section: Chapter Questions
Problem 10P
Related questions
Question
![Oring Enabled: ADM 2223 Mid Course Test - Colto...
Saved
8
of 8
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
35:43
Estimated total fixed manufacturing overhead
Estimated variable manufacturing overhead per machine-hour
Molding
2,500
$11,500
$ 2.00
Fabrication
1,500
$15,900
$ 2.80
Total
4,000
$27,400
Direct materials
Job P
$19,000
ok
Direct labor cost
$25,800
Job Q
$11,000
$ 9,900
Actual machine-hours used:
Molding
2,300
1,400
Fabrication
1,200
1,500
Total
3,500
2,900
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.
1. What were the company's predetermined overhead rates in the Molding Department and the Fabrication Department? (Round your
answers to 2 decimal places.)
Molding Department
Fabrication Department
80
Predetermined Overhead Rate
per MH
per MH
0
S
< Prev
18
19 20
25
of 26
Next >
*.**
0
DII
F8
F9
Help
NAD
F10](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F76523462-51e8-42e6-9913-1ebc76db1b7a%2F4e4bb5e1-0c4e-49f6-8656-e4e6483fd55d%2Fdnyovl_processed.png&w=3840&q=75)
Transcribed Image Text:Oring Enabled: ADM 2223 Mid Course Test - Colto...
Saved
8
of 8
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
35:43
Estimated total fixed manufacturing overhead
Estimated variable manufacturing overhead per machine-hour
Molding
2,500
$11,500
$ 2.00
Fabrication
1,500
$15,900
$ 2.80
Total
4,000
$27,400
Direct materials
Job P
$19,000
ok
Direct labor cost
$25,800
Job Q
$11,000
$ 9,900
Actual machine-hours used:
Molding
2,300
1,400
Fabrication
1,200
1,500
Total
3,500
2,900
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.
1. What were the company's predetermined overhead rates in the Molding Department and the Fabrication Department? (Round your
answers to 2 decimal places.)
Molding Department
Fabrication Department
80
Predetermined Overhead Rate
per MH
per MH
0
S
< Prev
18
19 20
25
of 26
Next >
*.**
0
DII
F8
F9
Help
NAD
F10
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