What is the companys plantwide predetermined rate

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Reference no: EM132474010

Sweeten Company had no jobs in progress at the beginning of March and 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 0.

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

4,000

Estimated

total fixed manufacturing overhead

$14,000

$ 17,400

$31,400

Estimated

variable manufacturing overhead per machine-hour

$      3.00

$    3.80

 

 

Job P

Job Q

Direct materials

$29,000

$16,000

Direct labor cost

$33,800

$13,900

Actual machine-hours used:

 

 

Molding

3,300

2,400

Fabrication

2,200

2,500

Total

5,500

4,900

Question 1: What is the companys plantwide predetermined rate?

Reference no: EM132474010

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