Cor omework Sweeten Company had no jobs in progress at the b

Cor omework 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 Estinated total machine-hours used Estimated total fixed manufacturing overhead Estinated variable manufacturing overhead per machine-hour 2,500 410,000 4, 000 15,000 625,000 1, 500 1.40 2.20 13, 000 48,000 421,000 7,500 Direct materials Direct labor coat Actual machine-hours used: Molding Fabrication Total 1,700 600 800 900 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 company\'s predetermined overhead rates in the Molding Department and the Fabrication Department? (Round your answers to 2 declmel places Prev·10 tl 15 of 19 Next >

Solution

Particulars Molding Fabrication Total Overheads Fixed Overheads 10,000 15,000 25,000 Variable Overheads 3,500 3,300 6,800 Particulars Molding Fabrication Total Overheads (Dept. Wise) 13,500 18,300 Total Machine Hours 2,500 1,500 Predetermined Rate per MH 5.40 12.20 Basis (13500/2500) (18300/1500)