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I need help with all 8 parts please. Thank you. Help Save & The Foundational 15 [LO2-1, LO2-2, LO2-3, LO2-4] (The following information applies to
I need help with all 8 parts please. Thank you.
Help Save & The Foundational 15 [LO2-1, LO2-2, LO2-3, LO2-4] (The following information applies to the questions displayed below.] 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): Molding Fabrication Total 2,500 $10,000 Estimated total machine - hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine- 1,500 $ 15,000 4,000 $25,000 $ 1.40 $ 2.20 hour Job P Job Q $13,000 $8,000 $7,500 Direct materials Direct labor cost $21,000 Actual machine - hours used : Molding Fabrication 1,700 800 600 900 Total 2,300 1,700 Foundational 2-2 2. How much manufacturing overhead was applied to Job P and how much was applied to Job Q? (Do not round intermediate calculations.) Job Q Job P Manufacturing overhead applied Foundational 2-3 3. What was the total manufacturing cost assigned to Job P? (Do not round intermediate calculations.) Total manufacturing cost Foundational 2-4 4. If Job P included 20 units, what was its unit product cost? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) Unit product cost Foundational 2-5 5. What was the total manufacturing cost assigned to Job Q? (Do not round intermediate calculations.) Total manufacturing cost Foundational 2-6 6. If Job Q included 30 units, what was its unit product cost? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) Unit product cost 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.) Job Q Job P Total price for the job Selling price per unit Foundational 2-8 8. What was Sweeten Company's cost of goods sold for March? (Do not round intermediate calculations.) Cost of goods soldStep by Step Solution
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