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 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 answers to nearest whole dollar.)
8. What was Sweeten Company’s cost of goods sold for March? (Do not round intermediate calculations.)
9. What were the company’s predetermined overhead rates in the Molding Department and the Fabrication Department? (Round your answers to 2 decimal places.)
10. How much manufacturing overhead was applied from the Molding Department to Job P and how much was applied to Job Q? (Do not round intermediate calculations.)
11. How much manufacturing overhead was applied from the Fabrication Department to Job P and how much was applied to Job Q? (Do not round intermediate calculations.)
12. If Job P included 20 units, what was its unit product cost? (Do not round intermediate calculations.)
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 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.)
15. What was Sweeten Company’s cost of goods sold for March? (Do not round intermediate calculations.)
Pre-determined Overhead rate : $26200/4000 hrs = 6.55$/hr is the Fixed Overhead rate
6. For 30 units in Job Q-
Particulars | Amount ($) | Calculation |
Material | 316.67 | 9500/30 |
Labour | 3.78 | 8700/(1100+1200) |
Variable OH for Molding | 1.7 | |
Variable OH for Fabrication | 2.5 | |
Fixed OH | 6.55 | As mentioned in the first line |
331.20 |
7.
Job P | ||
Particulars | Amount ($) | Calculation |
Material | 800.00 | 16000/20 |
Labour | 8.07 | 23400/(2000+900) |
Variable OH for Molding | 1.7 | |
Variable OH for Fabrication | 2.5 | |
FOH | 6.55 | As mentioned in the first line |
Total Cost | 818.82 | …..(A) |
Selling Price | 1,473.87 | (A) * 180% |
Job Q | ||
Particulars | Amount ($) | Calculation |
Material | 316.67 | 9500/30 |
Labour | 3.78 | 8700/(1100+1200) |
Variable OH for Molding | 1.7 | |
Variable OH for Fabrication | 2.5 | |
Fixed OH | 6.55 | As mentioned in the first line |
Total Cost | 331.20 | …..(B) |
Selling Price | 596.16 | (B) * 180% |
8.
Job P | 16,376.38 | (A) * 20 units |
Job Q | 9,935.98 | (B) * 30 units |
Total cost of goods | 26,312.36 |
9.
Molding | Fabrication | Total | |
Machine hrs used……….(i) | 2500 | 1500 | 4000 |
Fixed OH……………(ii) | 10750 | 15450 | 26200 |
VOH/hr | 1.7 | 2.5 | |
Fixed OH rate……..[(ii)/(i)] | 4.3 | 10.3 |
6. If Job Q included 30 units, what was its unit product cost? (Do not round...
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...
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...
3. What was the total manufacturing cost assigned to Job P? (Do not round intermediate calculations.) 4. If Job P included 20 units, what was its unit product cost? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) 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? (Do not round intermediate calculations. Round your final answer...
6. What was the total manufacturing cost assigned to Job Q? (Do not round intermediate calculations.) a. What was the company’s plant wide predetermined overhead rate? (Round your answer to 2 decimal places.) b. How much manufacturing overhead was applied to Job P and how much was applied to Job Q? (Do not round intermediate calculations.) 12. If Job P included 20 units, what was its unit product cost? (Do not round intermediate calculations. Round your final answer to nearest...
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...
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? (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...
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? (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...
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...
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...