What is its unit product cost

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Reference no: EM131211082

Sweeten Company had no jobs in progress at the beginning of March and nn begianing 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 was incomplete at the end of the March. The company uses a twjdepredetermined overhead rate based on direct labor-hours. The following additional intormation 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                   $ 15,000

Estimated variable manufacturing overhead per direct labor-hour            $ 2.00

Estimated total direct labor-hours to be worked                                3,000

Total actual manufacturing overhead costs incurred                        $ 19,000

                                                         Job P                       Job Q

Direct materials                                $19,500                 $S 9,000

Direct labor cost                               $ 31,500                   $ 7,500

Actual direct labor-hours worked  2.100                                 500

1-What is the company’s predetermined overhead rate? (Round your answer to 2 decimal places.)

2-How much manufacturing overhead was applied to Job P and Job Q? (Round your intermediate calculations to 2 decimal places.)

3-What is the direct labor hourly wage rate?

4-If Job P includes 30 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)?          

5-Assume the ending raw materials inventory is $2,000 and the company does not use any indirect materials. Prepare the journal entries to record raw materials purchases and the issuance of direct materials for use in production.

could you please solve these separately .. and with detiles for each Q

Reference no: EM131211082

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