Question
The Foundational 15 [LO2-1, LO2-2, LO2-3, LO2-4] Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. The company
The Foundational 15 [LO2-1, LO2-2, LO2-3, LO2-4]
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 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):
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 assuming 20 units were produced for Job P and 30 units were produced for Job Q? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.)
Check my 14 Required information The Foundational 15 [LO2-1, LO2-2, LO2-3, LO2-4] [The following information applies to the questions displayed below.] Part 14 of 15 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): 0.62 points Molding Fabrication Total 1,500 $17,850 4.10 4,000 $32,600 Estimated total machine-hours used 2,500 $14,750 3.30 Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour eBook Print References Job P Job Q $17,500 $15,100 Direct materials $32,000 $36,200 Direct labor cost Actual machine-hours used: Molding 3,600 2,500 2,700 2,800 5,500 Fabrication Total 6,100 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: Check my work 14 Required: For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. For questions 9-15, assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments. Part 14 of 15 Foundational 2-14 O.62 points 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 assuming 20 units were produced for Job P and 30 units were produced for Job Q? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) ook Print References Job P Job Q Total price for the job Selling price per unitStep by Step Solution
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