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 $ 9,000
Direct labor cost $ 31,500 $ 7,500
Actual direct labor-hours worked 2.100 500
1-Prepare a schedule of cost of goods sold.
2-Prepare the journal entry to transfer costs from Finished Goods to Cost of Goods Sold.
3-What is the amount of underapplied or overapplied overhead?
4-Prepare the journal entry to close the amount of underapplied or overapplied overhead to Cost of Goods Sold.
5-Assume that Job P includes 30 units that each sell for $2,800 and that the company’s selling and administrative expenses in March were $10,500. Prepare an absorption costing income statement for March.
could you please solve these separately .. and with detiles for each Q