s) a Chapter 2 HomeKG Assignments ui SU18 x McGraw-Hill Conn. X Conect cuss icon
ID: 2331221 • Letter: S
Question
s) a Chapter 2 HomeKG Assignments ui SU18 x McGraw-Hill Conn. X Conect cuss icon Sweeten Compan y X Help 0 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-Jol 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) 4,880 $14,000 $17,4 $31,480 2,500 1,5ee Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour 3.00 3.8e $29,880 $16,000 33,880 $13,900 Direct materials Direct labor cost Actual machine-hours used: molding Fabricatlon Total 3,3002,400 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 Prey 1 215 1 Next > TOSHIBA DEL 5 6 8 0Explanation / Answer
Total Manufacturing Overhead Cost :-
Y = a + bX
Y = Estimated Total Manufacturing Overhead Cost
a = Estimated Total Fixed Manufacturing Overhead Cost = $31400
b = Estimated Variable Manufacturing Overhead Cost Per Unit
b1 = $3.00
b2 = $3.80
X = Estimated total amount of the allocation base
X1 = 2500
X2 = 1500
Y = a + b1*X1 + b2X2
Y = $31400 + ($3.00*2500) + ($3.80*1500)
Y = $31400 + $7500 + $5700
Y = $44600
Predetermined Overhead Rate :-
= Estimated total manufacturing overhead cost / Estimated total amount of the allocation base
= $44600 / 4000
= $11.15
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