Can anyone help me do my homework: What is the company's predetermined overhead rate? How much manufacturing overhead was applied to Job P and Job Q? What is the direct labor hourly wage rate? If Job P includes 20 units, what is its unit product cost? What is the total amount of manufacturing cost assigned to Job Q as of the end of March (including applied overhead
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 the March and Job Q was incomplete at the end of the 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 |
$ |
10,000 |
Estimated variable manufacturing overhead per direct labor-hour |
$ |
1.00 |
Estimated total direct labor-hours to be worked |
|
2,000 |
Total actual manufacturing overhead costs incurred |
$ |
12,500 |
|
Job P |
Job Q |
Direct materials |
$13,000 |
$8,000 |
Direct labor cost |
$21,000 |
$7,500 |
Actual direct labor-hours worked |
$1,400 |
$500 |