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i safari File Edit View History Bookmarks Window Help Quiz Chapter 2 Help Save & Exit Submit Check my work 4 Required information The fowowing information applies to the questions displayed below Part 4 of7 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) 10 points Estimated total machine-hours used Estinated total fixed manufacturing ovcrhcad Eatinatediable nanufacturing overhead per machine-hoar Molding Pabrication Total 4,000 $10,000 15,000 25, 000 2,500 1,500 1.40 2.20 Job P 13,000 Job 0 Print Direet labor cost Actual machin-horB used ; $21,000 7,500 1,700 800 Fabrication Total Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. For questions 1-8, assume that Sweeten Company uses a plentwide predetermined overheed rete 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) 5 0Explanation / Answer
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Calculation of total cost for Job P Direct material $ 13,000 Direct labour $ 21,000 Share Fixed manufacturing overhead Molding ($10,000*1,700/2,500) $ 6,800 Fabrication ($15,000*600/1,500) $ 6,000 Share Fixed manufacturing overhead $ 12,800 Share of variable manufacturing overhead Molding ($1.40*1,700) $ 2,380 Fabrication ($2.20*600) $ 1,320 Share of variable manufacturing overhead $ 3,700 Total cost for job P $ 50,500 Number of units produced 20 Unit product cost ($50,500/20) $ 2,525Related Questions
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