Question

14-15 please

Checkom Line following informanon appes 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 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 Pabrication 2,500 1,500 $13,250 $16,950 $ 2.70 3.50 Total ,000 $30.200 Job $26.000 $31,400 Job O $14.500 $12,700 Direct materials Direct labor cont Actual machine-hours used Molding Fabrication Total 3,000 1,900 4,900 2,100 2,200 4,300 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. Foundational 2-14 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 ? (Do not round Intermediate calculations. Round your final answer to nearest whole dollar) 14 15 of 18 !!! Next > < Prev

15. what was sweeten company's cost of goods sold for march?

Answer 1

14) Molding overhead rate = (13250/2500+2.70) = 8 per hour

Fabrication overhead rate = (16950/1500+3.50) = 14.80 per hour

	Job P	Job Q
Direct material	26000	14500
Direct labor	31400	12700
Molding overhead	24000	16800
Fabrication overhead	28120	32560
Total product cost	109520	76560
Selling price	197136	137808
Selling price per unit	9857	4594

15) Cost of goods sold = 109520+76560 = 186080