Question
5) If Job P included 20 units, what was its unit product cost? (Do not round intermediate calculations. Round your final answer to nearest whole
5) 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.)
6)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.)
7)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.)
8)What was Sweeten Companys cost of goods sold for March? (Do not round intermediate calculations.)
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 P and Q (all data and questions relate to the month of March): Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Molding Fabrication 3,600 2,160 $14,400 $21,600 $ 1.40 $ 2.20 Total 5,760 $36,000 Job P $18,720 $30, 240 Job $11,520 $10,800 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 2,440 860 3,300 1,150 1,310 2,460 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the monthStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started