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

70.2K

Verified Solution

Question

Accounting

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 MarchJob 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 Fabrication Total
Estimated total machine-hours used 2,500 1,500 4,000
Estimated total fixed manufacturing overhead $ 14,250 $ 17,550 $ 31,800
Estimated variable manufacturing overhead per machine-hour $ 3.10 $ 3.90

Job P Job Q
Direct materials $ 30,000 $ 16,500
Direct labor cost $ 34,600 $ 14,300
Actual machine-hours used:
Molding 3,400 2,500
Fabrication 2,300 2,600
Total 5,700 5,100

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.

9. What were the companys predetermined overhead rates in the Molding Department and the Fabrication Department? (Round your

Predetermined Overhead Rate
Molding Department per MH
Fabrication Department per MH

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students