al 15-Sprix Question 14 Chapter 2 Founda X how to find manufacturing over X www.projectmanager.com tomheducation.com/ext/map/index.html?.con con&external browser=0&launchUrl=https%253A%252F%252Fims.mheducation.com%252Fmgh... Maps ALG Project 2017- Homepage-Georg er 2 Foundational 15 Curiosity Feed MindTap-Cengage Saved 4 [The following information applies to the questions displayed below.] Class ACCT 2101 Pri ECON 2106 Section... Help Save & Exit Submit 14 of 15 ts Sweeten Company had no jobs in progress at the beginning of the year and no beginning inventories. It started, completed, and sold only two jobs during the year-Job P and Job Q. The company uses a plantwide predetermined overhead rate based on machine-hours. At the beginning of the year, it estimated that 4,000 machine-hours would be required for the period's estimated level of production. Sweeten also estimated $25,800 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $1.90 per machine-hour. Because Sweeten has two manufacturing departments-Molding and Fabrication-it is considering replacing its plantwide overhead rate with departmental rates that would also be based on machine-hours. The company gathered the following additional information to enable calculating departmental overhead rates: eBook Estimated total machine-hours used Total 4,000 Holding Fabrication 2,500 $10,500 $ 1.60 1,500 $ 15,300 $2.40 $ 25,800 Pr References Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour The direct materials cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows: Direct materials: Direct labor cost Actual machine-hours used: Holding Fabrication Total Job P $ 15,000 $ 22,600 Job Q $ 9,000 $ 8,300 1,900 800 2,700 1,000 1,100 2,100 Mc Graw Hill cloudy Sweeten Company had no overapplied or underapplied manufacturing overhead costs during the year. < Prev 14 15 of 15 Next > O Search Check my work 11:46 AL 1/21/202 YouTube Maps ALG Project 2017 Homepage Georg Curiosity Feed Mindlap Cengage Class ACCT 2101 Pri ECON 2106 Section Chapter 2 Foundational 15 Saved Help Save & Exit Subma Check my work 14 Sweeten Company had no overapplied or underapplied manufacturing overhead costs during the year. Part 14 of 151 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 predetermined departmental overhead rates with machine-hours as the allocation base in both departments points eflook Print References Foundational 2-14 (Algo) 14. Assume that Sweeten Company uses cost-plus pricing (and a markup percentage of 80% of total manufacturing cost) to establish selling prices for all of its jobs. If Job P includes 20 units and Job Q includes 30 units, what selling price would the company establish 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.) 54F Mc Graw Hill Job P Job Q Total price for the job $ 108.261 S 62,703 Selling price per unit S 5,413 $ 2,090 < Prev 14 15 of 15 Next > O Search Chapter 2 Foundational 15 Curiosity Feed MindTap Cengage Class ACCT 2101 Pri.. ECON 2106 Section Saved Help Save & Exit Submit 15 Direct labor cost $ 22,600 $ 8,300 Actual machine-hours used: Molding 1,900 1,000 Fabrication Total 800 2,700 1,100 2,100 Part 15 of 15 points Skipped Sweeten Company had no overapplied or underapplied manufacturing overhead costs during the year 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 predetermined departmental overhead rates with machine-hours as the allocation base in both departments. eBook Print References Foundational 2-15 (Algo) 15. What is Sweeten Company's cost of goods sold for the year? (Do not round intermediate calculations.) Cost of goods sold Mc Graw Hill O Search 9 < Prev 15 of 15 Next > Check my work ATAM V