For these questions assume that Sweeten Company uses a plantwide predetermined overhead rate with machine-hours as the allocation base.

1. 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?

2. What was Sweeten Companys cost of goods sold for March?

For these questions assume that the company uses departmental predetermined overhead rates with machine hours as the allocation base in both departments.

3. What were the companys predetermined overhead rates in the Molding Department and the Fabrication Department?

4. How much manufacturing overhead was applied from the Molding Department to Job P and how much was applied to Job Q?

5. What was Sweeten Companys cost of goods sold for March?

Problem: 1. Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. The company has two manufacturing departmentsMolding and Fabrication. It started, completed, and sold only two jobs during MarchJob 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 Fabrication Total Estimated total machine-hours used 2,500 1,500 4,000 Estimated total fixed manufacturing overhead $ 10,000 $ 15,000 $ 25,000 $ 1.40 $ 2.20 Estimated variable manufacturing overhead per machine- hour Job P Job Q Direct materials $ 13,000 $ 8,000 Direct labor cost $ 21,000 $ 7,500 Actual machine-hours used: Molding 1,700 800 Fabrication 600 900 Total 2,300 1,700