Question
1. What were the companys predetermined overhead rates in the Molding Department and the Fabrication Department? (Round your answers to 2 decimal places.) Molding Department
1. What were the companys predetermined overhead rates in the Molding Department and the Fabrication Department? (Round your answers to 2 decimal places.)
Molding Department | ? | per MH |
Fabrication Department | ? | per MH |
2. How much manufacturing overhead was applied from the Molding Department to Job P and how much was applied to Job Q? (Do not round intermediate calculations.)
Job P | Job Q | |
Manufacturing overhead applied | ? | ? |
3. What was the total manufacturing cost assigned to Job P? (Do not round intermediate calculations.)
Total manufacturing cost | ? |
4. If Job P included 20 units, what was its unit product cost? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.)
Unit Product cost | ? |
5. Assume that Sweeten Company used cost-plus pricing (and a markup percentage of 80% of total manufacturing cost) to establish selling prices for all of its jobs. What selling price would the company have established for Jobs P and Q? What are the selling prices for both jobs when stated on a per unit basis? (Do not round intermediate calculations. Round your final answers to nearest whole dollar.)
Job P | Job Q | |
Total price for the job | ? | ? |
Selling price per unit | ? | ? |
6. What was Sweeten Companys cost of goods sold for March? (Do not round intermediate calculations.)
Cost of goods sold | ? |
7. What was the companys plantwide predetermined overhead rate? (Round your answer to 2 decimal places.)
Predetermined overhead rate | ? | per MH |
8. 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.)
Unit product cost | ? |
9. Assume that Sweeten Company used cost-plus pricing (and a markup percentage of 80% of total manufacturing cost) to establish selling prices for all of its jobs. What selling price would the company have established for Jobs P and Q? What are the selling prices for both jobs when stated on a per unit basis? (Do not round intermediate calculations. Round your final answers to nearest whole dollar.)
Job P | Job Q | |
Total price for the job | ? | ? |
Selling price per unit | ? | ? |
10. What was Sweeten Companys cost of goods sold for March? (Do not round intermediate calculations.)
Cost of goods sold | ? |
Required information [The following information applies to the questions displayed below.] 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 MarchJob 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): Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1 to 9 , assume that Sweeten Company uses departmental predetermined overhead rates with machinehours as the allocation base in both departments and Job P included 20 units and Job Q included 30 units. For questions 10 to 15, assume that the company uses a plantwide predetermined overhead rate with machine-hours as the allocation base
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