Question

14&7 Recap Help S 2 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 Olal data and questions relate to the month of March): Molding into Estimated total machine-hours used 2,500 1,500 0.000 Estimated total fixed manufacturing overhead $11.750 $16.050 $27,800 Estimated variable manufacturing overhead per machine-hour $ 2.10 16 $20,000 $26,600 Job $11,500 $10,300 Direct materials Direct labor cost hetual machine-hours used Molding Fabrication Total 2,400 1.300 3,700 1,500 1,600 ),100 GOR Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month Required: For questions 1-9, assume that Sweeten Company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments and Job Pincluded 20 units and Job included 30 units. For questions 10-15 assume that the company uses a plantwide predetermined overhead rate with machine-hours as the allocation base 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 Pando? What are the selling prices for both jobs when stated on a per unit basis? (Do not round Intermediate calculations. Round your final answers to nearest whole dollar) Job P Job Total price for the job Selling price per unit < Prev On 12 of 28 !!! Next > MacBook Air 30 # 3 $ 4 % 5 & 7 6 8 9 2 0 2 E R Т. Y 0 U D s F H K K B. N. M

Answer 1

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Sweeten
Plant wide predetermined OH Rate	Molding	Fabrication	Total	Note
Machine Hours	2,500.00	1,500.00	4,000.00	A
Variable OH Rate	2.10	2.80		B
Variable OH cost	5,250.00	4,200.00	9,450.00	C=A*B
Fixed Manufacturing overhead	11,750.00	16,050.00	27,800.00	D
Total OH			37,250.00	E=C+D
Plant wide predetermined OH Rate			9.31	F=E/A
Overhead applied	Job P	Job Q	Note
Actual Machine hours	3,700.00	3,100.00	G
Plant wide predetermined OH Rate	9.31	9.31	See F
Overhead applied	34,456.25	28,868.75	H=G*F
Manufacturing cost assigned to Job P	Amount $	Note
Direct Materials	20,000.00
Direct Labor	26,000.00
Overhead applied	34,456.25	See H
Manufacturing cost assigned to Job P	80,456.25	I
Manufacturing cost assigned to Job Q	Amount $
Direct Materials	11,500.00
Direct Labor	10,300.00
Overhead applied	28,868.75	See H
Manufacturing cost assigned to Job Q	50,668.75	L
Answer 14	Job P	Job Q	Note
Manufacturing cost assigned	80,456.25	50,668.75	O=K,N
Mark up at 80%	64,365.00	40,535.00	P=O*80%
Total price for the job	144,821.00	91,204.00	Q=P+O
Number of units	20.00	30.00	R=J,M
Selling price per unit	7,241.00	3,040.00	S=Q/R