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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 departmentsMolding and Fabrication. It

Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. The company has two manufacturing departmentsMolding 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):

Molding Fabrication Total
Estimated total machine-hours used 3,900 2,340 6,240
Estimated total fixed manufacturing overhead $ 15,600 $ 23,400 $ 39,000
Estimated variable manufacturing overhead per machine-hour $ 1.40 $ 2.20

Job P Job Q
Direct materials $ 20,280 $ 12,480
Direct labor cost $ 32,760 $ 11,700
Actual machine-hours used:
Molding 2,660 1,250
Fabrication 940 1,390
Total 3,600 2,640

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.

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10. What was the companys plantwide predetermined overhead rate?

Predetermined overhead rate= $ (answer) per overhead

11. How much manufacturing overhead was applied to Job P and how much was applied to Job Q?

Job p Job Q

Manufacturing overhead applied

12. If Job P included 20 units, what was its unit product cost?

Unit product cost

13. If Job Q included 30 units, what was its unit product cost?

Unit product Cost

image text in transcribed

15. What was Sweeten Companys cost of goods sold for March?

Cost of good sold $

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): 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 machinehours 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. What were the company's predetermined overhead rates in the Molding Department and the Fabrication Department? (Round your iswers to 2 decimal places.) 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 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.)

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