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 MarchJob 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): Total Molding Fabrication Estimated total machine-hours used 2,500 1,500 Estimated total fixod manufacturing overhoad $10,000 $15,000 Estimated variablo manufacturing ovorhead per machine-hour $140 $220 4,000 $25,000 Job P Job Direct materials Direct labor cost Actual machino-hours used $13,000 $8,000 $21,000 $7,500 1,700 800 Molding Fabrication 600 900 Total 2.300 1,700 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. 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 departmental predetermined overhead rates with machine-hours 7. 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 Pand Q? What are the selling prices for both jobs when stated on a per unit basis? 8. What was Sweeten Company's cost of goods sold for March? 9. What were the company's predetermined overhead rates in the Molding Department and the Fabrication Department? 10. How much manufacturing overhead was applied from the Molding Department to Job Pand how much was applied to Job Q? 11. How much manufacturing overhead was applied from the Fabrication Department to Job P and how much was applied to Job Q? 12. Ir Job Pincluded 20 units, what was its unit product cost? 13. Il Job Q included 30 units, what was its unit product cost? 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 Pand Q? What are the selling prices for both jobs when stated on a per unit basis? 15. What was Sweeten Company's cost of goods sold for March? Page 87 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 MarchJob 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): Total Molding Fabrication Estimated total machine-hours used 2,500 1,500 Estimated total fixod manufacturing overhoad $10,000 $15,000 Estimated variablo manufacturing ovorhead per machine-hour $140 $220 4,000 $25,000 Job P Job Direct materials Direct labor cost Actual machino-hours used $13,000 $8,000 $21,000 $7,500 1,700 800 Molding Fabrication 600 900 Total 2.300 1,700 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. 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 departmental predetermined overhead rates with machine-hours 7. 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 Pand Q? What are the selling prices for both jobs when stated on a per unit basis? 8. What was Sweeten Company's cost of goods sold for March? 9. What were the company's predetermined overhead rates in the Molding Department and the Fabrication Department? 10. How much manufacturing overhead was applied from the Molding Department to Job Pand how much was applied to Job Q? 11. How much manufacturing overhead was applied from the Fabrication Department to Job P and how much was applied to Job Q? 12. Ir Job Pincluded 20 units, what was its unit product cost? 13. Il Job Q included 30 units, what was its unit product cost? 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 Pand Q? What are the selling prices for both jobs when stated on a per unit basis? 15. What was Sweeten Company's cost of goods sold for March? Page 87
