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Required information Skip to question [The following information applies to the questions displayed below.] Sweeten Company had no jobs in progress at the beginning of

Required information

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[The following information applies to the questions displayed below.]

Sweeten Company had no jobs in progress at the beginning of the year and no beginning inventories. It started, completed, and sold only two jobs during the yearJob P and Job Q. The company uses a plantwide predetermined overhead rate based on machine-hours. At the beginning of the year, it estimated that 4,000 machine-hours would be required for the periods estimated level of production. Sweeten also estimated $26,600 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $2.10 per machine-hour.

Because Sweeten has two manufacturing departmentsMolding and Fabricationit is considering replacing its plantwide overhead rate with departmental rates that would also be based on machine-hours. The company gathered the following additional information to enable calculating departmental overhead rates:

Molding Fabrication Total
Estimated total machine-hours used 2,500 1,500 4,000
Estimated total fixed manufacturing overhead $ 11,000 $ 15,600 $ 26,600
Estimated variable manufacturing overhead per machine-hour $ 1.80 $ 2.60

The direct materials cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows:

Job P Job Q
Direct materials $ 17,000 $ 10,000
Direct labor cost $ 24,200 $ 9,100
Actual machine-hours used:
Molding 2,100 1,200
Fabrication 1,000 1,300
Total 3,100 2,500

Sweeten Company had no overapplied or underapplied manufacturing overhead costs during the year.

Required:

For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. For questions, 9-15, assume that the company uses predetermined departmental overhead rates with machine-hours as the allocation base in both departments.

10. How much manufacturing overhead was applied from the Molding Department to Job P and how much was applied to Job Q?

Note: Do not round intermediate calculations.

11. How much manufacturing overhead was applied from the Fabrication Department to Job P and how much was applied to Job Q?

12. If Job P includes 20 units, what is its unit product cost?

13. If Job Q includes 30 units, what is its unit product cost?

14. Assume that Sweeten Company uses cost-plus pricing (and a markup percentage of 80% of total manufacturing cost) to establish selling prices for all of its jobs. If Job P includes 20 units and Job Q includes 30 units, what selling price would the company establish for Jobs P and Q? What are the selling prices for both jobs when stated on a per unit basis?

15. What is Sweeten Companys cost of goods sold for the year?

Thank you so much!!!!

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