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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 and
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): Estimated total machine-hours used Molding 2,600 $10,400 Fabrication 1,560 $15,600 Total 4,160 $26,000 Estimated variable manufacturing overhead per machine-hour $ 1.40 $ 2.20 Estimated total fixed manufacturing overhead Direct materials Job P $13,520 Direct labor cost $21,840 Job Q $8,320 $7,800 Actual machine-hours used: Molding 1,780 830 Fabrication. Total 620 2,400 930 1,760 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1-9, 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. For questions 10-15, assume that the company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. 14. 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? (Do not round intermediate calculations. Round your final answers to nearest whole dollar.) Job P Job Q Total price for the job $ 42,029 $ 25,558 Selling price per unit $ 2,101 $ 852
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