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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.
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 Job P $ 19,760 Job Q $ 12,160 Direct labor cost $ 31,920 $ 11,400 Actual machine-hours used: Molding Fabrication Total 2,590 910 3,500 1,220 1,360 2,580 Molding 3,800 $ 15,200 $ 1.40 Fabrication 2,280 $ 22,800 Total 6,080 $ 38,000 $ 2.20 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. Estimated variable manufacturing overhead per machine- hour Direct materials Job P $ 19,760 Job Q $ 12,160 Direct labor cost $ 31,920 $ 11,400 Actual machine-hours used: Molding 2,590 1,220 Fabrication Total 910 3,500 1,360 2,580 $ 1.40 $ 2.20 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. 5. If Job P included 20 units, what was its unit product cost? (Do not round intermediate calculations. Round your final answer to hearest whole dollar.) Unit product cost _ Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine- hour Direct materials Job P $ 19,760 Job Q $ 12,160 Direct labor cost $ 31,920 $ 11,400 Actual machine-hours used: Molding 2,590 1,220 Fabrication Total 910 3,500 1,360 2,580 $ 15,200 $ 1.40 $ 22,800 $ 38,000 $ 2.20 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. 6. What was the total manufacturing cost assigned to Job Q? (Do not round intermediate calculations.) Total manufacturing cost Job P Job Q Direct materials Direct labor cost $ 19,760 $ 12,160 $ 31,920 $ 11,400 Actual machine-hours used: Molding 2,590 1,220 Fabrication 910 Total 3,500 1,360 2,580 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. 7. If Job Q included 30 units, what was its unit product cost? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) Unit product cost MOLLI ULD Direct labor cost $ 31,920 $ 11,400 Actual machine-hours used: Molding 2,590 1,220 Fabrication Total 910 3,500 1,360 2,580 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. 8. 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.) Total price for the job Selling price per unit Job P Job Q Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine- hour 3,800 $ 15,200 2,280 $ 22,800 6,080 $ 38,000 $ 1.40 $ 2.20 Job P Job Q Direct materials $ 19,760 $ 12,160 Direct labor cost $ 31,920 $ 11,400 Actual machine-hours used: Molding Fabrication Total 2,590 910 3,500 1,220 1,360 2,580 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. 9. What was Sweeten Company's cost of goods sold for March? (Do not round intermediate calculations.) Cost of goods sold
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