Question

7-14 please

Line Following wrormanon appes to the questions arsprayed 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 Fabrication total 2,500 1,500 4,000 $13,250 $16,950 $30,200 $ 2.70 $ 3.50 Job $ 26,000 $31,400 Job $14,500 $12,700 Direct materials Direct labor cost 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 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 2-7 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.) Next > !! 15 of 18 8 9 7 Dray

8. what was sweeten company's cost of goods sold for March?

9. what were the company's predetermined overhead rates in the Molding Department and the fabrication dept?

10. how much manufacturing overhead was applied from the molding department to job P and how much was applied to job Q?

11. How much manufacturing overhead was applied from fabrication department to job P and how much was applied to job Q?

12. if job P included 20units, what was its unit produced cost?

13. if job Q included 30units, what was its unit produced cost?

Answer 1

a) Predetermine overhead rate = (2500*2.7+1500*3.5+30200)/4000 = 10.55 per hour

7) Selling price of both job

	Job P	Job Q
Direct material	26000	14500
Direct labor	31400	12700
Overhead	4900*10.55 = 51695	45365
Total	109095	72565
Markup	87276	58052
Selling price	196371	130617
Selling price per unit	196371/20 = 9819	130617/30 = 4354

8) Cost of goods sold = 109095+72565 = 181660

9) Molding department rate = (13250/2500+2.70) = 8 per hour

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

10) Manufacturing overhead applied from molding department

	Job P	Job Q
Molding overhead	3000*8 = 24000	2100*8 = 16800

11) Manufacturing overhead applied from Fabrication department

	Job P	Job Q
Fabrication overhead	1900*14.80 = 28120	32560

12) Unit product cost of Job P

	Job P
Direct material	26000
Direct labor	31400
Molding overhead	24000
Fabrication overhead	28120
Total	109520
Unit	20
Unit product cost	5476

13) Unit product cost of Job Q

	Job Q
Direct material	14500
Direct labor	12700
Molding overhead	16800
Fabrication overhead	32560
Total	76560
Unit	30
Unit product cost	2552