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company has two manufacturing departments - Molding and Fabrication. It started, completed and sold only 2 jobs during March Job P and Job Q. The
company has two manufacturing departments - Molding and Fabrication. It started, completed and sold only 2 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) Molding 2,500 $10,000 $1.40 Fabrication Total Estimated total Machine hours used 1,500 $15,000 4,000 $25,000 Estimated total Fixed MOHD Estimated Variable MOHD per machine hour $2.20 Job Q Job P $13,000 $21,000 Direct Materials $8,000 $7,500 Direct Labor Cost Actual Machine Hours Used: Molding 1,700 800 Fabrication 600 900 Total 2,300 1,700 Sweeten Company had no under-applied or over-applied overhead during March For questions 1-8, assume Sweeten Company uses a plant-wide predetermined overhead rate with machine hours as the allocation base. For questions 9-15, assume that the company uses departmental overhead rates with machine hours as the allocation base in both departments. What was the company's plant-wide predetermined overhead rate? 1. How much manufacturing overhead was applied to Job P and Job Q? 2. What was the total manufacturing cost assigned to Job P? 3. If Job P included 20 units, what was its unit product cost? 4. What was the total manufacturing cost assigned to Job Q? 5. What was Sweeten Company's cost of goods sold for March? 8. 9. What were the company's predetermined overhead rates in the Molding and Fabrication Departments? 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 how much was applied to Job Q? 12. If Job P included 20 units, what was its per unit cost? 13. If Job Q included 30 units, what was its per unit cost? 14. Assume 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 on a per-unit basis
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