Homework: Chapter 2-Foun... Submitted 6/15 Total points awarded Help Exit 7. Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Part 7 of 15 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 0/1 points awarded Scored eBook 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 assuming 20 units were produced for Job P and 30 units were produced for Job Q? (Do not round intermediate calculations. Round your final answers to nearest whole dollar.) Print Job P Job Q $ 30,800 $ Total price for the job Selling price per unit 50,500 $ 4,545 $ 1,848 Homework: Chapter 2-Foun... Submitted 6/15 Total points awarded Help Exit 7. Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Part 7 of 15 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 0/1 points awarded Scored eBook 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 assuming 20 units were produced for Job P and 30 units were produced for Job Q? (Do not round intermediate calculations. Round your final answers to nearest whole dollar.) Print Job P Job Q $ 30,800 $ Total price for the job Selling price per unit 50,500 $ 4,545 $ 1,848 Homework: Chapter 2-Foun... Submitted 6/15 Total points awarded Help Exit ! 7 Required information [The following information applies to the questions displayed below.] Part 7 of 15 0/1 points awarded 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 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): Scored eBook Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Print Job P $13,000 $21,000 Job $8,000 $7,500 Diredt materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 1,700 600 2,300 800 900 1,700 Company has two Fabrication. It s during March Job ormation is available P and Q (all data and Molding Fabrication Total 2,500 1,500 4,000 $10,000 $15,000 $25,000 $ 1.40 $ 2.20 overhead verhead per machine-hour Job P $13,000 $21,000 Job Q $8,000 $7,500 1,700 600 2,300 800 900 1,700 rogress at the beginning of 5. The company has two ng and Fabrication. It vo jobs during March-Job nal information is available Jobs P and Q (all data and arch): used curing overhead eng overhead per machine-hour Molding Fabrication Total 2,500 1,500 4,000 $10,000 $15,000 $25,000 $ 1.40 $ 2.20 Job P $13,000 $21,000 Job Q $8,000 $7,500 1,700 600 2,300 800 900 1,700
