Homework answers / question archive / Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories

Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories

Accounting

Share With

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): Molding Fabrication Total Estimated total machine-hours used 2,500 1,500 Estimated total fixed manufacturing overhead $ 15,000 $25,000 Estimated variable manufacturing overhead per machine-hour 4,000 $10,000 $ 1.40 $ 2.20 Job P $13,000 $21,000 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total Job o $8,000 $7,500 800 900 1,700 1,700 600 2,300 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. 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 departmental predetermined overhead rates with machine-hours as the allocation base in both departments, Foundational 2-8 ? BRE Navt
3 Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Molding Fabrication total 2,500 1,500 4,000 $10,000 $ 15,000 $25,000 $ 1.40 $ 2.20 Job P $13,000 $21,000 Job $8,000 $7,500 8 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 1,700 600 2,300 800 900 1,700 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rate with machine the allocation base. For questions 9-15, assume that the company uses departmental predetermined overhead machine-hours as the allocation base in both departments. S Foundational 2-8 8. What was Sweeten Company's cost of goods sold for March? (Do not round intermediate calculations.) Cost of goods sold