13. If Job Q included 30 units, what was its unit product cost?
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?
15. What was Sweeten Company’s cost of goods sold for March?
1) Plant wide predetermined rate= Estimated total overhead/ estimated total machine hours
= (2500*$2.20+1500*$3.00)+$28200/4000
= $9.55 per machine hour
13) Predetermined overhead rate= (Estimated total fixed overhead/Estimated total machine hours)+ Estimated total variable manufacturing overhead per hour
Molding= $12000/2500+$2.20= $7.00 per MH
Fabrication= $16200/1500+$3.00= $13.80 per MH
Direct materials | $12000 |
Direct labor | 10700 |
Manufacturing overhead applied (1600*$7.00+1700*$13.80) | 34660 |
Total manufacturing cost | $57360 |
/ Number of units | 30 |
Unit product cost | $1912 |
14)
Job P | Job Q | |
Direct materials | $21000 | $12000 |
Direct labor | 27400 | 10700 |
Manufacturing overhead applied () | 36820 | 34660 |
Total manufacturing cost | $85220 | $57360 |
Add: Markup (80%) | (85220*80%)= 68176 | (57360*80%)= 45888 |
Selling price | $153396 | $103248 |
/ Number of units | 20 | 30 |
Selling price per unit | $7669.8 | $3441.6 |
Manufacturing overhead applied to Job P= 2500*$7.00+1400*$13.80= $36820
Manufacturing overhead applied to Job Q= 1600*$7.00+1700*$13.80= $34660
15) Cost of goods sold for march= Total manufacturing cost of Job P+Total manufacturing cost of Job Q
= $85220+57360= $142580
13. If Job Q included 30 units, what was its unit product cost? 14. Assume that...
1. If Job Q included 30 units, what was its unit product cost? 2. 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...
12. If Job P included 20 units, what was its unit product cost? 13. If Job Q included 30 units, what was its unit product cost? 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...
13. If Job Q included 30 units, what was its unit product cost? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) 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...
13. If Job Q included 30 units, what was its unit product cost? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) 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...
QUESTION #12: a. If Job P included 20 units, what was its unit product cost? If Job Q included 30 units, what was its unit product cost? 13.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...
4. If Job P included 20 units, what was its unit product cost? Required information (The following information applies to the questions displayed below.] 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...
6. If Job Q included 30 units, what was its unit product cost? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) 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...
5. What was the total manufacturing cost assigned to Job Q? (Do not round intermediate calculations.) 6. If 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...
1. If Job P included 20 units, what was its unit product cost? 2. What was the total manufacturing cost assigned to Job Q? 3. If Job Q included 30 units, what was its unit product cost? 4. 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...
PLEASE ANSWER THE TWO QUESTIONS BELEOW 12) If Job P included 20 units, what was its unit product cost? *do not rpund intermediate calculations 13) if job Q included 30 units, what was its unit product cost? * do not round intermediate calculations Red 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...