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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
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 Direct materials Direct labor cost Actual machine-hours used Folding Fabricat son Folding 3,700 $14,000 $1.40 Pabrication Total 2,220 5,930 $ 37,000 $2.20 Job F $19,340 $31,000 Job Q $11,040 11,100 2,530 3,300 1,340 Total Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month Required: For questions 1 to 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 to 15. assume that the company uses a plantwide predetermined overhead rate with machine-hours as the allocation base Foundational 2-14 (Algo) 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 cakulations. Round your final answers to nearest whole dollar.) Total price for the job Selling price per unit Job
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