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masha68 [24]
3 years ago
5

Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. The company has two manufacturin

g 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): Molding Fabrication Total Estimated total machine-hours used 2,500 1,500 $ 4000Estimated total fixed 15,000 $10,000 25000manufacturing overhead Estimated variable manufacturing 1.40 2.20overhead per machine-hour Job P Job Q Direct materials $13,000 $8,000 Direct labor cost $21,000 $7,500 Actual machine-hours used: 1,700 800Molding Fabrication 600 900 Total 2,300 1,700 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required:If Job Q included 30 units, what was its unit product cost? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.)
Business
1 answer:
olya-2409 [2.1K]3 years ago
7 0

Answer:

Job Q's unit cost = $1,026.67

Explanation:

Job Q

actual machine hours used

molding 800:

allocated fixed overhead = (800/2,500) x $10,000 = $3,200

variable overhead = 800 x $1.40 = $1,120

sub-total = $4,320

fabrication 900:

allocated fixed overhead = (900/1,500) x $15,000 = $9,000

variable overhead = 900 x $2.20 = $1,980

sub-total = $$10,980

total overhead = $15,300

direct labor = $7,500

direct materials = $8,000

total costs for Job Q = $30,800

Job Q's unit cost = $30,800 / 30 units = $1,026.67

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