Sweeten Company had no jobs in progress at the beginning of March ar a no...
60.1K
Verified Solution
Question
Accounting
Sweeten Company had no jobs in progress at the beginning of March ar a 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 zowhole and for Jobs P and fall data and questions relate to the month of March): Molding Fabrication Total Estimated total machine-hours used 3,100 1,860 4,960 Estimated total fixed manufacturing overhead $ 12,400 $ 18,680 $ 31,000 Estimated variable manufacturing overhead per machine-hour $ 1.40 $ 2.20 Job P Job 0 Direct materials $ 16, 120 $ 9,920 Direct labor cost $ 26,040 $ 9,300 Actual machine-hours used: Molding 2,160 990 Fabrication 740 1,070 Total 2,900 2,860 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1 to 9, assume that Sweeten Company uses departmental predetermined overhead rates with machine hours as the allocation base in both departments and Job P included 20 units and Job Q included 30 units. For questions 10 to 15, assume that the company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. 9. What was Sweeten Company's cost of goods sold for March? (Do not round intermediate calculations.) Cost of goods sold 10. What was the company's plantwide predetermined overhead rate? (Round your answer to 2 decimal places Predetermined overhead rate per MH



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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.