[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 Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine- Holding 3,100 $ 12,400 Fabrication 1,860 $ 18,600 Total 4,960 $ 31,000 $ 1.40 $ 2.20 hour Job P $ 16,120 $ 26,040 Job Q $ 9,920 $ 9,300 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication 990 2,160 740 1,070 2,060 2,900 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 quesstions 10 to 15. assume that the company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. determined overhead rate? (Round your answer to 2 decimal places.)

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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[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
Estimated total fixed manufacturing overhead
Estimated variable manufacturing overhead per machine-
Molding
Fabrication
Total
3,100
$ 12,400
1,860
$ 18,600
4,960
$ 31,000
hour
$ 1.40
$ 2.20
Job P
$ 16,120
$ 26,040
Job Q
Direct materials
Direct labor cost
Actual machine-hours used:
Molding
$ 9,920
$ 9,300
2,160
990
Fabrication
740
1,070
2,900
2,060
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
bours 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.
10. What was the company's plantwide predetermined overhead rate? (Round your answer to 2 decimel pleces
6.30 per MH
Predetermined overhead rate
of 15
Score. answer>
15
10 11 12
< Prev
SAMSUNG
Ai
Ps
Pr
Transcribed Image Text:Saved 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 Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine- Molding Fabrication Total 3,100 $ 12,400 1,860 $ 18,600 4,960 $ 31,000 hour $ 1.40 $ 2.20 Job P $ 16,120 $ 26,040 Job Q Direct materials Direct labor cost Actual machine-hours used: Molding $ 9,920 $ 9,300 2,160 990 Fabrication 740 1,070 2,900 2,060 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 bours 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. 10. What was the company's plantwide predetermined overhead rate? (Round your answer to 2 decimel pleces 6.30 per MH Predetermined overhead rate of 15 Score. answer> 15 10 11 12 < Prev SAMSUNG Ai Ps Pr
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