please can you solve it and show workings? .mdauonal a Saved Required information The Foundational...
90.2K
Verified Solution
Link Copied!
Question
Accounting
please can you solve it and show workings?
.mdauonal a Saved Required information The Foundational 15 (Static) [L02-1, L02-2, L02-3, L02-4] [The following information applies to the questions displayed below. ,7 Sweeten Company had nojobs in progress at the beginning of the year and no beginning inventories. It started, completed, and sold only two jobs during the yearJob P and Job Q. The company uses a plantwide predetermined overhead rate based on machine-hours. At the beginning ofthe year, it estimated that 4,000 machine-hours would be required for the period's estimated level of production. Sweeten also estimated $25,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $1.70 per machine-hour. Because Sweeten has two manufacturing departmentsMolding and Fabricationit is considering replacing its plantwide overhead rate with departmental rates that would also be based on machine-hours. The company gathered the following additional information to enable calculating departmental overhead rates: Molding Fabrication Total Estimated total machine-hours used 2,566 1,566 4,666 Estimated total fixed manufacturing overhead $ 16,666 $ 15,666 $ 25,666 Estimated variable manufacturing overhead per machine-hour $ 1.46 $ 2.26 The direct materials cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows: Job P Job Q Direct materials $ 13,666 $ 8,666 Direct labor cost $ 21,666 $ 7,566 Actual machine-hours used: Molding 1, 729 see Fabrication 566 966 Total 2, 320 1, 796 Sweeten Company had no overapplied or underapplied manufacturing overhead costs during the year. 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 predetermined departmental overhead rates with machinehours as the allocation base in both departments. Foundational 2-6 (Static) 6. If Job 0 includes 30 units, what is its unit product cost? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) l_l
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!