Question
Any help is appreciated thank you! 1.) What was the companys plantwide predetermined overhead rate? 2.) How much manufacturing overhead was applied to Job P
Any help is appreciated thank you!
1.) What was the companys plantwide predetermined overhead rate?
2.) How much manufacturing overhead was applied to Job P and how much was applied to Job Q?
3.) What was the total manufacturing cost assigned to Job P?
4.) If Job P included 20 units, what was its unit product cost?
5.) What was the total manufacturing cost assigned to Job Q?
6.) If Job Q included 30 units, what was its unit product cost?
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 assuming 20 units were produced for Job P and 30 units were produced for Job Q?
8.) What was Sweeten Companys cost of goods sold for March?
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 4,000 $13,000 $16,800 $29,800 2,500 1,500 $ 2.60 3.40 Job Q $25,000 $14,000 $30,600 $12,300 Job P Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 2,900 1,800 4,700 2,000 2,100 4,100Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started