[The following information applies to the questions displayed below.] Sweeten Co

Question

[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. It started only two Jobs during March Job P and Job Q. Job P was completed and sold by the end of the March and Job Q was Incomplete at the end of the March. The company uses a plantwide predetermined overhead rate based on direct labor-hours. The following additional Information is avallable for the company as a whole and for Jobs P and Q (all data and questions relate to the month of March): Estimated total fixed manufacturing overhead Estimated varlable manufacturing overhead per direct labor-hour Estlmated total direct labor-hours to be worked Total actual manufacturing overhead costs Incurred $14,500 $ 1.90 2,900 $18,000 Direct materials Direct labor cost Actual direct labor-hours worked Job P Job Q $ 18,500 $ 8,900 $ 40,000 $10,000 2,000 000 500 X)

Explanation / Answer

Calculation of Estimated Total Ovehead Fixed Manufacturing Overhead          14,500 Variable Manufacturing Overhead            5,510 ($1.90 X 2900 hrs) Total manufacturing Ovrehead          20,010 Estimate Total Labour Hrs 2900 Predetermined Overhead Rate per lab Hr              6.90 Answrer 4. a Calculation of Cost per Unit of Job P Direct Materials          18,500 Direct labour          40,000 Applied Manufacturing overhead (2000 Hrs X 6.90)          13,800 Total Cost          72,300 No. of units in Job P 25 Cost per unit of P            2,892 Answrer 4. b Calculation of Total manufacturing Cost of Job Q Direct Materials 8900 Direct labour 10000 Applied Manufacturing overhead (500 Hrs X 6.90)            3,450 Total Cost          22,350

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