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For questions 1-9, assume that Sweeten Company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments. For questions 10-15,
For questions 1-9, assume that Sweeten Company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments. For questions 10-15, assume that the company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. What were the company's predetermined overhead rates in the Molding Department and the Fabrication Department? 1. 2. How much manufacturing overhead was applied from the Molding Department to Job P and how much was applied to Job Q? 3. How much manufacturing overhead was applied from the Fabrication Department to Job P and how much was applied to Job Q? 4. 5. 6. 7. What was the total manufacturing cost assigned to Job P? If Job P included 20 units, what was its unit product cost? What was the total manufacturing cost assigned to Job Q? If Job Q included 30 units, what was its unit product cost? 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? 9. 10. What was Sweeten Company's cost of goods sold for March? What was the company's plantwide predetermined overhead rate? 11. How much manufacturing overhead was applied to Job P and how 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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