Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I need assistance in finding Total price for the jobs and Selling price. Thank you. Help data and questions relate to the month of March):
I need assistance in finding Total price for the jobs and Selling price. Thank you.
Help data and questions relate to the month of March): Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Molding Fabrication 4,500 2,700 $18,000 $27,000 51.40 $ 2.20 Total 7,200 $45,000 Jobp $23,400 $37,800 Job $14,400 $13,500 Direct materials Direct labor cont Actual machine-hours used: Molding Fabrication 3,020 1,080 4,100 1,440 1,660 3,100 Total Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month Required: For questions 1-9, assume that Sweeten Company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments and Job P included 20 units and Job Q included 30 units, For questions 10-15, assume that the company uses a plantwide predetermined overhead rate with machine-hours as the allocation base, 14. 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? (Do not round intermediate calculations. Round your final answers to nearest whole dollar.) Job P Job Total price for the job Selling price per unit Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started