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All have the same top part. Estimated variable manufacturing overhead per machine-hour $ 1.40 $ 2.20 Job P $21,320 $34,440 Job O $13,120 $12,300 Direct
All have the same top part.
Estimated variable manufacturing overhead per machine-hour $ 1.40 $ 2.20 Job P $21,320 $34,440 Job O $13,120 $12,300 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 2,820 980 3,800 1,310 1,450 2,760 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. 8. 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 12. If Job P included 20 units, what was its unit product cost? ( to nearest whole dollar.) Unit product cost Estimated variable manufacturing overhead per machine-hour $ 1.40 $ 2.20 Job P $21,320 $34,440 Job O $13,120 $12,300 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 2,820 980 3,800 1,310 1,450 2,760 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. 8. 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 12. If Job P included 20 units, what was its unit product cost? ( to nearest whole dollar.) Unit product costStep by Step Solution
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