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company as a whole and for Jobs P and W a linormon is available (all data and questions relate to the month of Man Total
company as a whole and for Jobs P and W a linormon is available (all data and questions relate to the month of Man Total Estimated total machine hours used.......... .... Estimated total fixed manufacturing overhead...... Estimated variable manufacturing overhead per machine-hour ...... Molding 2.500 $10,000 Fabrication 1,500 $15.000 5000 4,000 25000 $1.40 $2.20 Job P $13,000 $21,000 Job O $8,000 $7,500 Direct materials ...... Direct labor cost Actual machine-hours used: Molding........ Fabrication .......... 800 1.700 600 2.300 Total.. 900 1,700 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, 1. What was the company's plantwide predetermined overhead rate 2. How much manufacturing overhead was applied to Job Pand how much was applied to Job 0% 3. What was the total manufacturing cost assigned to Job P? 4. If Job Pincluded 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? 8. What was Sweeten Company's cost of goods sold for March? 9. What were the company's predetermined overhead rates in the Molding Department and the Fabrication Department? 10. How much manufacturing overhead was applied from the Molding Department to Job P and how much was applied to Job Q? 11. How much manufacturing overhead was applied from the Fabrication Department to Job P and he much was applied to Job Q? 12. If Job P included 20 units, what was its unit product cost? 13. If Job Q included 30 units, what was its unit product cost
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