Question
Required: For the following questions, assume that Sweeten Company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments and Job
Required:
For the following questions, 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.
What was the total manufacturing cost assigned to Job P?
If Job P included 20 units, what was its unit product cost?
What was the total manufacturing cost assigned to Job Q?
If Job Q included 30 units, what was its unit product cost?
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?
What was Sweeten Companys cost of goods sold for March?
Required information 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): Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Molding Fabrication Total 2,500 1,500 4,000 $10,000 $15,000 $25,000 $ 1.40 $ 2.20 Job P $13,000 $21,000 Job o $8,000 $7,500 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 1,700 600 2,300 800 900 1,700 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the monthStep by Step Solution
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