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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
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.
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 Pand Job Q. The following additional information is available for the company as a whole and for Jobs P and Q al data and questions relate to the month of March 10. How much manufacturing overhead was applied from the Molding Department to Job P and how much was applied to Job Q? Do not Found intermediate calculations.) JobP Job Maldine Fabrication Total inted witbloufacturing overhead er sachine-hour 11 How much manufacturing overhead was applied from the Fabrication Department to Job P and how much was applied to Job ? (Do not round intermediate calculations.) OBO Job P Job Direct ateriais Actual machine-heurs Fabrication : Manufacturing overhead applied 1.5 2.09 - 12. If Job P included 20 units, what was its unit product cost? (Do not round intermediate calculations.) Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month Unit product cost 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 13. Job included 30 units what was its un product cost? (Do not round Intermediate calculations. Round your final answer to nearest whole dollar.) Unit product cost 1. What was the company's plantwide predetermined overhead rate? (Round your answer to 2 decimal places.) Predetermined overhead rate per MH 14. Assume that Sweeten Company used cost plus pricing and a markup percentage of 80% of total manufacturing cose 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 un basis assuming 20 units were produced for Job P and 30 units were produced for Job ? (Do not round intermediate calculations. Round your final answer to nearest whole dollar) 2. How much manufacturing overhead was applied to Job P and how much was applied to Job Q? (Do not round intermediate calculations.) T Joop Joba Job Total price for the job Selling price per unit Manufacturing overhead applied 15. What was Sweeten Company's cost of goods sold for March? (Do not round intermediate calculations.) 3. What was the total manufacturing cost assigned to Job P? (Do not round intermediate calculations.) Cost of goods sold Total manufacturing cost 4. If Job Pincluded 20 units, what was its unit product cost? Do not round intermediate calculations. Round your final answer to nearest whole dollar) 5. What was the total manufacturing cost assigned to Job ? (Do not round intermediate calculations.) Total manufacturing cost 6. IF Job included 30 units what was its unit product cost? (Do not round intermediate calculations, Round your final answer to nearest whole dollar) Un productos 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 started on a per unit basis assuming 20 units were produced for Job P and 30 units were produced for Job ? (Do not round intermediate calculations. Round your final answers to nearest whole dollar.) Total price for the job Selling price per unit 8. What was Sweeten Company's cost of goods sold for March? (Do not round intermediate calculations.) Cost of goods sold 9. What were the company's predetermined overhead rates in the Molding Department and the Fabrication Department? (Round your answers to 2 decimal places.) Predened Overhead Rate Meng Department Fabrication Department 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 Pand Job Q. The following additional information is available for the company as a whole and for Jobs P and Q al data and questions relate to the month of March 10. How much manufacturing overhead was applied from the Molding Department to Job P and how much was applied to Job Q? Do not Found intermediate calculations.) JobP Job Maldine Fabrication Total inted witbloufacturing overhead er sachine-hour 11 How much manufacturing overhead was applied from the Fabrication Department to Job P and how much was applied to Job ? (Do not round intermediate calculations.) OBO Job P Job Direct ateriais Actual machine-heurs Fabrication : Manufacturing overhead applied 1.5 2.09 - 12. If Job P included 20 units, what was its unit product cost? (Do not round intermediate calculations.) Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month Unit product cost 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 13. Job included 30 units what was its un product cost? (Do not round Intermediate calculations. Round your final answer to nearest whole dollar.) Unit product cost 1. What was the company's plantwide predetermined overhead rate? (Round your answer to 2 decimal places.) Predetermined overhead rate per MH 14. Assume that Sweeten Company used cost plus pricing and a markup percentage of 80% of total manufacturing cose 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 un basis assuming 20 units were produced for Job P and 30 units were produced for Job ? (Do not round intermediate calculations. Round your final answer to nearest whole dollar) 2. How much manufacturing overhead was applied to Job P and how much was applied to Job Q? (Do not round intermediate calculations.) T Joop Joba Job Total price for the job Selling price per unit Manufacturing overhead applied 15. What was Sweeten Company's cost of goods sold for March? (Do not round intermediate calculations.) 3. What was the total manufacturing cost assigned to Job P? (Do not round intermediate calculations.) Cost of goods sold Total manufacturing cost 4. If Job Pincluded 20 units, what was its unit product cost? Do not round intermediate calculations. Round your final answer to nearest whole dollar) 5. What was the total manufacturing cost assigned to Job ? (Do not round intermediate calculations.) Total manufacturing cost 6. IF Job included 30 units what was its unit product cost? (Do not round intermediate calculations, Round your final answer to nearest whole dollar) Un productos 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 started on a per unit basis assuming 20 units were produced for Job P and 30 units were produced for Job ? (Do not round intermediate calculations. Round your final answers to nearest whole dollar.) Total price for the job Selling price per unit 8. What was Sweeten Company's cost of goods sold for March? (Do not round intermediate calculations.) Cost of goods sold 9. What were the company's predetermined overhead rates in the Molding Department and the Fabrication Department? (Round your answers to 2 decimal places.) Predened Overhead Rate Meng Department Fabrication DepartmentStep by Step Solution
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