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, und sold only two jobs during March - Job Pand Joh 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): 9 10 Molding Fabrication 2.500 1,500 $10.000 $15,000 Estimated total machine-hours used Estimated total fixed manufacturing overhood Estimated variablo manufacturing overhead per machine-hour Total 4,000 $25,000 11 12 $140 $2.20 16 15 15 17 Job P Job $13,000 $8.000 $21000 $7,500 10 10 Direct materials Direct labor cost Actual machino hours used Molding Fabrication Total 1700 600 2300 800 900 1700 11 2 20 25 20 Sweeten Company had no underapplied or overupplied arvulacturing overhead costs during the month Required: For questions 1-8 assume that Sweeten Company uses a plantwide predetermined vahendite with machino-hours as the allocation base. Por question 9-15, assume that the company uses departmental predetermined covered rates with machine-hour us the allocation base in both departments 27 30 1. What was the company's plantwide predetermined overhead cute! 2. How much manufacturing overhead was applied to Job Pund how much wawappiatto loh! 3. What was the total manufacturing cost and to Job PM Chapter 2 Assignment O O 03 04 Required: For questions 1-3, assume that Sweeten Company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. Por questions 9:15, assume that the company uses departmental predetermined overhead rates with machine hours as the allocation base in both departments, 1. What was the company's plantwide predetermined overhead rato? 2. How much manufacturing overhead was applied to Job Pand how much was applied to Job Q? 3. What was the total manufacturing cost assigned to Sob P 4. IC Job Pincluded 20 units, what was its unit product oost! 5. What was the total manufacturing cost assigned 10 306 Q? 6. Job Q included 30 units, what was its unit product cost? 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 P and 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 roles in the Molding Department and the fabrication Department? 10. How much manufacturing owerhead was applied from the Molding Department 1. Job P and how much was applied to Job 11. How much anticturing overhead was applied from the Fabrication Department to Job and how much was applied to Job 02 12. Cob Pincluded 20 unit what was init product 13. Job included 30 units what was its unit product cost? 14. Assume that sweten Coriany bied cont plus pricing (and a markup percentage of 80% of total rotacing cost to establish selling prices for all of its jobs. What selling price would the company have established for Jobs and Wine the selling prices for both jobs when stored on a per unit basis 15. What was Sweden Company's cost of poods sold for March? 4 15 AY 55 04 O G Chapter 2 Assignment
