flowconnecthtm 2 Homework Sweeten Company had no jobs in pro

flow/connect.htm 2 Homework 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. Fabrication Total 4, 000 Estinated total nachine-hours used 2,500 410,000 Estimated total fixed manufacturing overhead Estimated variable sanufacturing overhead per machine-hour 15,000 425,000 1.406 2.20 Job P Job Direct saterials Direct labor cost Actual machine-hours used: Molding Fabrication Total 13,000 8,000 $21,000 7,500 1,700 600 800 900 Sweeten Company had no underapplied or overappiled 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 ailocation base. For questions 9-15, assume that the company uses departmental predetemined overhead rates with machine-hours as the allocation base in both departments 1S What was Sweeten Company\'s cost of goods soid for March? (Do not round Intermediate calculetions.) Prev hp

Solution

Predetermined OH Rate = (Estimated total Fixed OH + estimated total variable OH) /Estimated total Direct Labor hours

Estimated total fixed Manufacturing overhead = 10000+15000= 25000

Estimated total variable Manufacturing overhead= (2500*1.40)+(1500*2.20)= 6800

Estimated total direct Labour hours = 2500+1500=4000

Predetermined overhead rate= (25000+6800)/4000= 7.95

Total Manufacturing cost assigned to Job P = 13000+21000+(2300*7.95)=52285

Total Manufacturing cost assigned to Job Q = 8000+7500+(1700*7.95) = 29015

Total cost of goods sold for March = 52285+29015= 81300