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14 Sweeten Company had no Jobs in progress at the beginning of March and no beginning inventories. The company has two manufacturing departmentsMolding and Fabrication.
14 Sweeten Company had no Jobs in progress at the beginning of March and no beginning inventories. The company has two manufacturing departmentsMolding and Fabrication. It started, completed, and sold only two jobs during March- Job 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): Molding Fabrication Total Estimated total machine-hours used 3,500 2,100 5,680 Estimated total fixed manufacturing overhead $14, eee $21,eee $35,000 Estimated variable manufacturing overhead per machine-hour $ 1.40 $ 2.20 Part 14 of 15 1 points Job P $18,280 $29,480 Job O $11,280 $10,580 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 2, 360 840 3,200 1,120 1,280 2,40 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1-9, assume that Sweeten Company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments and Job P Included 20 units and Job Q Included 30 units. For questions 10-15. assume that the company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. Foundational 2-14 (Algo) 14. 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.) Answer is complete but not entirely correct. Job P Job Q Total price for the job $ 127,088 $ 78,055 Selling price per unit S $ 2,602 6.574 15 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 Q. The following additional information is available for the company as a whole and for Jobs Pand Q (all data and questions relate to the month of March): Part 15 of 15 Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Molding 3,500 $14, eee $ 1.40 Fabrication 2,100 $21,880 $ 2.20 Total 5,600 $35, eee 1 points Skipped Job P $18, 280 $29,400 Job $11,280 $10,5ee Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 2,360 840 3,280 1, 120 1,280 2,400 eBook References Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1-9, assume that Sweeten Company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments and Job Pincluded 20 units and Job Q included 30 units. For questions 10-15. assume that the company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. Foundational 2-15 (Algo) 15. What was Sweeten Company's cost of goods sold for March? (Do not round Intermediate calculations.) Cost of goods sold
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