!!!Please complete the entire question!!! Required: For parts J to O, assume that the company uses a plantwide predetermined overhead rate with machine-hours as the allocation Required information J. What was the company's plantwide predetermined overhead rate? (Round your answer to 2 decimal places.) K. How much manufacturing overhead was applied to Job P and how much was applied to Job Q? (Do not round intermediate calculations.) L. If Job P included 20 units, what was its unit product cost? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) M. If Job Q included 30 units, what was its unit product cost? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) N. Assume that Sweeten Company used cost-plus pricing (and a markup percentage of 80% of total manufacturing cost) to establish selling prices for all of its jobs. What selling price would the company have established for Jobs P and Q ? What are the selling prices for both jobs when stated on a per unit basis? (Do not round intermediate calculations) O. What was Sweeten Company's cost of goods sold for March? (Do not round intermediate calculations.) !!!Please Complete the entire question!!!

!!!Please complete the entire question!!! Required: For parts J to O, assume that the company uses a plantwide predetermined overhead rate with machine-hours as the allocation Required information J. What was the company's plantwide predetermined overhead rate? (Round your answer to 2 decimal places.) K. How much manufacturing overhead was applied to Job P and how much was applied to Job Q? (Do not round intermediate calculations.) L. If Job P included 20 units, what was its unit product cost? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) M. If Job Q included 30 units, what was its unit product cost? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) N. Assume that Sweeten Company used cost-plus pricing (and a markup percentage of 80% of total manufacturing cost) to establish selling prices for all of its jobs. What selling price would the company have established for Jobs P and Q ? What are the selling prices for both jobs when stated on a per unit basis? (Do not round intermediate calculations) O. What was Sweeten Company's cost of goods sold for March? (Do not round intermediate calculations.) !!!Please Complete the entire question!!!

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Description: !!!Please complete the entire question!!! Required: For parts J to O, assume that the company uses a plantwidepredetermined overhead rate with machine - hours as the allocation Required information J. What was the company'splantwide predetermined ov

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 9EA: A new company started production. Job 10 was completed, and Job 20 remains in production. Here is...

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Calculate the overhead cost assigned to the job if the company used the overhead rates developed in requirement 1 above. Then calculate the overhead cost assigned to the job if the company used the overhead rates developed in requirement 2. Note: Round your intermediate calculations to 2 decimal places and final answers to the nearest whole dollar amount. Step-down method Direct method Total Overhead Cost
The information for the question is in the attached images. a. Assume Delph chooses to combine its departmental rates from requirement 1 into a plantwide predetermined overhead rate based on machine-hours. Compute the plantwide predetermined overhead rate. (Round your answer to 2 decimal places.) Predetermined overhead rate $ [ ] per MH b. Assume Delph chooses to combine its departmental rates from requirement 1 into a plantwide predetermined overhead rate based on machine-hours. Compute the total manufacturing cost assigned to Job D-70 and Job C-200. (Round your intermediate calculations to 2 decimal places.) Total manufacturing cost Job D-70 [ ] Job C-200 [ ] c. Assume Delph chooses to combine its departmental rates from requirement 1 into a plantwide predetermined overhead rate based on machine-hours. If Delph establishes bid prices that are 150% of total manufacturing costs, what bid prices would it have…
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All the following statements about predetermined overhead rates are correct, EXCEPT: a. calculated at the beginning of the accounting period once the actual amount of manufacturing overhead is known. O b. calculated based on estimated total manufacturing overhead costs O c. All the given answers are correct. O d. by dividing total estimated manufacturing overhead cost by actual units of the allocation base. O e. calculated first and then multiplied by total actual units of the allocation base to compute the applied manufacturing overhead costs.
How do I determine the cost of one unit of SW 100 and SG 150, assuming department overhead rates are used. Overhead is assigned based on machine hours in both departments. Round t two decimal places, if necessary.
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