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i need help with this. What is the total price for both jobs. According to the information down below. 14. Assume that Sweeten Company used
i need help with this. What is the total price for both jobs. According to the information down below.
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.) Total price for the job Selling price per unit 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 0 (all data and questions relate to the month of March): Molding Fabrication Total Estimated total machine-hours used 3,900 2,340 6,240 Estimated total fixed manufacturing overhead $ 15,600 $ 23,400 $ 39,000 Estimated variable manufacturing overhead per $ 1.40 $ 2.20 machine-hour Job P Job Q Direct materials $ 20,280 $ 12,480 Direct labor cost $ 32,760 $ 11,700 Actual machine-hours used: Molding 2,660 1,250 Fabrication 940 1,390 Total 3,600 2,640 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1 to 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 0 included 30 units. For questions 10 to 15, assume that the company uses a plantwide predetermined overhead rate with machine-hours as the allocation baseStep by Step Solution
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