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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.
Q What were the companys predetermined overhead rates in the Molding Department and the Fabrication Department? Round your answers to decimal places.
Q How much manufacturing overhead was applied from the Molding Department to Job P and how much was applied to Job QDo not round intermediate calculations.
Q How much manufacturing overhead was applied from the Fabrication Department to Job P and how much was applied to Job QDo not round intermediate calculations.
Q What was the total manufacturing cost assigned to Job PDo not round intermediate calculations.
Q If Job P included units, what was its unit product cost? Do not round intermediate calculations. Round your final answer to nearest whole
Q What was the total manufacturing c
Q If Job Q included units, what was its unit product cost? Do not round intermediate calculations. Round your final answer to neares
Q Assume that Sweeten Company used costplus pricing and a markup percentage of 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? Do not round intermediate calculations. Round your final answers to nearest whole dollar.
Q What was Sweeten Companys cost of goods sold for March? Do not round intermediate calculations.
Q What was the companys plantwide predetermined overhead rate? Round your answer to decimal places.
Q How much manufacturing overhead was applied to Job P and how much was applied to Job QDo not round intermediate calculations.
Q If Job P included units, what was its unit product cost? Do not round intermediate calculations. Round your final answer to nearest whole dollar.
Q If Job Q included units, what was its unit product cost? Do not round intermediate calculations. Round your final answer to nearest whole dollar.
Q Assume that Sweeten Company used costplus pricing and a markup percentage of 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? Do not round intermediate calculations
QWhat was Sweeten Companys cost of goods sold for March? Do not round intermediate calculations.
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