Required information The following information applies to th

Required information [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. 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) Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Molding Fabrication Total 4,000 $10,000 $15,000 $25,000 2,500 1,500 $ 1.40 2.20 Job P $13,000 $21,000 Job Q $8,000 $7,500 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 1,700 600 2,300 800 900 1,700 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 8. What was Sweeten Company\'s cost of goods sold for March? (Do not round intermediate calculations.) Cost of goods sold

Solution

manufacturing cost per machine hour = (10000+15000+(2500*1.40)+(1500*2.20))/4000 = 7.95

manufacturing cost for job P = 13000+21000+(7.95*2300) = 52285

manufacturing cost for job Q = 8000+7500+(7.95*1700) = 29015

Cost of goods sold =52285+29015 = 81300