McGrawHill Connect DI Week 2 To be complete X O AO eztomhed

McGraw-Hill Connect (DI) ? Week 2 To be complete X O AO ezto.mheducation.com/hm.tpx? H0.05112025882908333 1531526919258 Foundational ILO3-1. LO3-2. LO3-3, LO3-4, LO3-5, LO3-6, LO3-7 The following information applies to the questions displayed below/ Sweeten Company hed no jobs in progress at the beginning of March and no beginning Inventones. 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 informetion is avaliable 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 vanable manufacturing overhead per direct labor-hour Estimated total direct labor-hours to be worked $ 14,800 $ 160 3,700 $21,000 Total actual manufacturing overhead costs incurred Direct materials Direct labor cost Actual direct labor-hours worked Job P Job Q s 21,500 $ 9,700 $ 44800 $ 12.000 2,800750 References Section Break Foundational LO3-1, LO3-2. L03-3 3-4, L 2.00 points ype here to search

Solution

1 Predetermined overhead rate=Total manufacturing overhead/Direct labor hours Total manufacturing overhead: Fixed 14800 Variable (3700*1.60) 5920 Total manufacturing overhead 20720 Predetermined overhead rate=20720/3700=$ 5.6 per DLH 2 Manufacturing overhead applied=Actual direct labor hours worked*Predetermined overhead rate Job P Job Q Actual direct labor hours worked 2800 750 Predetermined overhead rate 5.6 5.6 Manufacturing overhead applied 15680 4200 3 Direct labor hourly wage rate=Direct labor cost/Actual direct labor hours worked Job P Job Q Direct labor cost 44800 12000 Actual direct labor hours worked 2800 750 Direct labor hourly wage rate 16 16 4-a Unit product cost of Job P=Total cost/Number of units produced Job P Direct materials 21500 Direct labor cost 44800 Manufacturing overhead applied 15680 Total cost of job 81980 Number of units 20 Unit product cost 4099 4-b Total manufacturing cost assigned: Job Q Direct materials 9700 Direct labor cost 12000 Manufacturing overhead applied 4200 Total manufacturing cost assigned 25900 5 Transaction General Journal Debit Credit 1 Raw materials inventory 33900 Accounts payable 33900 (21500+9700+2700) (Purchase of raw material on account) 2 Work in process inventory 31200 Raw materials inventory 31200 (21500+9700) (Raw materials issued) 6 Transaction General Journal Debit Credit 1 Work in process inventory 56800 Wages payable 56800 (44800+12000) (Direct labor cost added to production) 7 Transaction General Journal Debit Credit 2 Work in process inventory 19880 Manufacturing overhead 19880 (15680+4200) (Manufacturing overhead applied)