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

Question

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):

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 2-3

3. What was the total manufacturing cost assigned to Job P? (Do not round intermediate calculations.)

Molding Fabrication Total Estimated total machine-hours used 2,500 1,500 4,000 Estimated total fixed manufacturing overhead $ 12,250 $ 16,350 $ 28,600 Estimated variable manufacturing overhead per machine-hour $ 2.30 $ 3.10

Explanation / Answer

Estimated overhead in Molding 18000 =12250+(2500*2.3) Estimated overhead in Fabrication 21000 =16350+(1500*3.1) Total 39000 Plantwide predetermined overhead rate 9.75 =39000/4000 3 Direct materials 22000 Direct labor cost 28200 Overhead applied 39975 =4100*9.75 total manufacturing cost assigned to Job P 90175

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