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Required information [ The following information applies to the questions displayed below. ] Sweeten Company had no jobs in progress at the beginning of March
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 departmentsMolding 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:
Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month.
Required:
For questions to assume that Sweeten Company uses departmental predetermined overhead rates with machine
hours as the allocation base in both departments and Job P included units and Job Q included units. For questions
to assume that the company uses a plantwide predetermined overhead rate with machinehours as the allocation
base.
What was Sweeten Company's cost of goods sold for March? Do not round intermediate capculations
If Job P included units, what was its unit product cost? do not round intermediate calculations
If Job Q included units, what was its unit product cost? do not round intermediate calculations
Assume that Sweeten Company used costplus pricing and a markup percentage of of total manufacturing cost to establish selling proces for all of its jobs. What selling price would the company have established for Jobs P and Q What are the selling proces for both jobs when stated on a per unit basis? do not round intermediate caluclations
What was Sweeten Company's cost of goods sold for March? do not round intermediate calculations
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