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If Job P included 20 units, what was its unit product cost? i need step by step explanation and answer thanks. Sweeten Company had no
If Job P included 20 units, what was its unit product cost?
i need step by step explanation and answer thanks.
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 Pand 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) Estimated total machine hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Molding 2,500 $13,250 $ 2.70 Fabrication 1,500 116,950 $ 3.50 Total 4,000 $30,200 Toti p $26,000 $31,100 obo $14,500 $12,700 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 3,000 1,900 4,900 2,100 2,200 4,300 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 12. 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 costStep by Step Solution
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