Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. what is the cost of goods manufactured? swee

what is the cost of goods manufactured? Sweeten Company...

90.2K

Verified Solution

Question

Accounting

what is the cost of goods manufactured?
image
image
Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. It started only two jobs during March-Job P and Job Q. Job P was completed and sold by the end of March and Job Q was incomplete at the end of March. The company uses a plantwide predetermined overhead rate based on direct labor-hours. 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 fixed manufacturing overhead Estimated variable manufacturing overhead per direct labor-hour Estimated total direct labor-hours to be worked Total actual manufacturing overhead costs incurred $ 16,000 $ 1.90 4,000 $22,200 Direct materials Direct labor cost Job P Job Q $ 16,500 $ 8.500 $58.900 $10,450 A Direct materials Direct labor cost Actual direct labor-hours worked Job P. Job Q $ 16,500 $ 8,500 $58,900 $10,450 3,100 550

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!
Become a Member

Other questions asked by students