Question

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): Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Molding Fabrication Total 2,500 1.500 4,000 $11,500 $15,900 $27,400 $ 2.00 $ 2.80 Job $19,000 $25,800 Job O $11,000 $ 9,900 Direct materials Direct labor coat Actual machine-hours used Molding Fabrication Total 2,300 1,200 3,500 1,400 1.500 2,900 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month 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 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.) Unit product cost

Answer 1

6-Unit product cost for Job Q=Total job cost/ Number of units

=$11,000+$9,900+$26,535/30

=$47,435/30

=1,581.16

7-selling price of job

Particulars	Job P	Job Q
Total manufacturing cost	$76,825	$47,435
Markup (80% of total manufacturing cost)	$61,460	$37,948
Selling price	$138,285	$85,383
Selling price per unit (selling price/ no.of units)	$138,285/20 =$6,914.25	$85,383/30 =$2,846.10

8-sweeten company's cost of goods sold for March =manufacturing cost of Job p and job Q

=$76,825+$47,435

=$124,260