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Sweeten Company had no jobs in progress at the beginning of the year and no beginning inventories. It started, completed, and sold only two jobs
Sweeten Company had no jobs in progress at the beginning of the year and no beginning inventories. It started, completed, and sold only two jobs during the yearJob P and Job Q The company uses a plantwide predetermined overhead rate based on machinehours. At the beginning of the year, it estimated that machinehours would be required for the period's estimated level of production. Sweeten also estimated $ of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $ per machinehour. Because Sweeten has two manufacturing departmentsMolding and Fabricationit is considering replacing its plantwide overhead rate with departmental rates that would also be based on machinehours. The company gathered the following additional information to enable calculating departmental overhead rates: tableMolding,Fabrication,TotalEstimated total machinehours used,Estimated total fixed manufacturing overhead,$$$ Assume that Sweeten Company uses costplus pricing and a markup percentage of of total manufacturing cost to establish selling prices for all of its jobs. If Job includes units and Job includes units, what selling price would the company establish for Jobs and What are the selling prices for both jobs when stated on a per unit basis? Note: Do not round intermediate calculations. Round your final answers to nearest whole dollar. Answer is complete but not entirely correct. tableJob JobQ
Sweeten Company had no jobs in progress at the beginning of the year and no beginning inventories. It started, completed, and sold only two jobs during the yearJob P and Job Q The company uses a plantwide predetermined overhead rate based on machinehours. At the beginning of the year, it estimated that machinehours would be required for the period's estimated level of production. Sweeten also estimated $ of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $ per machinehour.
Because Sweeten has two manufacturing departmentsMolding and Fabricationit is considering replacing its plantwide overhead rate with departmental rates that would also be based on machinehours. The company gathered the following additional information to enable calculating departmental overhead rates:
tableMolding,Fabrication,TotalEstimated total machinehours used,Estimated total fixed manufacturing overhead,$$$
Assume that Sweeten Company uses costplus pricing and a markup percentage of of total manufacturing cost to establish selling prices for all of its jobs. If Job includes units and Job includes units, what selling price would the company establish for Jobs and What are the selling prices for both jobs when stated on a per unit basis?
Note: Do not round intermediate calculations. Round your final answers to nearest whole dollar.
Answer is complete but not entirely correct.
tableJob JobQ
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