e-Quiz Saved [The following information applies to the questions displayed below

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e-Quiz Saved [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): Molding Fabrica Estimated total nachine-hours used Estinated total fixed nanufacturing overhead Estimated variable manufacturing overhead per machine-hour 4,000 $13,000 $16,800 $29,800 2,500 1,500 $2.60 3.40 Job PJob Q $25,000 $14,000 $30,600 $12,300 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 2,9002,000 2.100 4,100 1,8000 4,700 Sweeten Company had no underapplied or overapplied manufacturing overhead costs durinp 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. 4. 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)

Explanation / Answer

(1) The plant wide - Overhead rate for Fixed MOH = Total Fixed MOH / Total Machine hours

= 29800 / 4000 = 7.45

Using the above recovery rate total manufacturing cost and per unit cost can be calculated as under

Question - 4

Unit product cost = 5259

Question - 5

Total Manufacturing cost = 72835

Question - 6

Unit product cost = 2428

Question - 7

Question - 8  

Job - P Job - Q Fixed MOH rate per hour 7.45 7.45 Variable MOH rate per hour 3.1 3.9 Total MOH rate per hour 10.55 11.35

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