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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): Molding Yabrication 4,400 2,640 $17.600 $26,400 $ 1.40 $ 2.20 Total 7,040 $44,000 Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Job Job P $22,880 $36.960 $14,080 $13,200 Direct material Direct Labor cont Actual machine-hours used Molding Fabrication Total 3,040 1.060 4,100 1,410 1,530 2.940 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 Pincluded 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. 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.) Job P Job Total price for the job Selling price per unit
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