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IRGENT HELP PLEASE!!!! please type the answers clearly. Thank you! 1 1 of 15 Required information The following information applies to the questions displayed below.)
IRGENT HELP PLEASE!!!! please type the answers clearly. Thank you!
1 1 of 15 Required information 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): Holding Fabrication total Estimated total machine-hours used 1,500 4,000 Estimated total fixed manufacturing overhead $14,250 $17.550 331,000 Estimated variable manufacturing overhead per machine-hour $ 3.10 0330 2,500 $ 3.90 Book Job P $30,000 $34,600 Job $16,500 $14.300 Direct materials Direct labor cost Actual machine-hours used Molding Pabrication Total 3,400 2,300 5,700 2,500 2,600 5 100 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1-B, assume that Sweeten Company uses a plantwide predetermided 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. 1. What was the company's plantwide predetermined overhead rate? (Round your answer to 2 decimal places.) Predetermined overhead rate Der MH departments 2. How much manufacturing overhead was applied to Job P and how much was applied to Job ? (Do not round intermediate calculations) JOP Manufacturing overhead pled machine-hours as the allocation base in both departments. 3. What was the total manufacturing cost assigned to Job P? (Do not round intermediate calculations.) Total manufacturing con 4. IT Job P included 20 units, what was its unit product cost? (Do not round Intermediate calculations. Round your final answer to nearest whole dollar.) Unitroctol 5. What was the total manufacturing cost assigned to Job O? (Do not round Intermediate calculations.) Total Muncturing cost 6. Il 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 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 O? (Do not round Intermediate calculations. Round your final answers to nearest whole dolar) Job P Job Total price for the job Bolling price per unit Step by Step Solution
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