A) What was the total manufacturing cost assigned to Job Q? B) If Job Q included 30 units, what was its unit product cost? C)
A) What was the total manufacturing cost assigned to Job Q?
B) If Job Q included 30 units, what was its unit product cost?
C) 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 assuming 20 units were produced for Job P and 30 units were produced for Job Q?
D) What was Sweeten Companys cost of goods sold for March?
Required information The Foundational 15 [LO2-1, LO2-2, LO2-3, LO2-4) (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 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 Total 2,500 1,500 4,000 $11,750 $16,050 $27,800 $ 2.10 $ 2.90 Job P $20,000 $26,600 Job Q $11,500 $10,300 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 2,400 1,300 3,700 1,500 1,600 3,100 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. For questions 9-15, assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments
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