Question

Required information The Foundational 15 (LO2-1, LO2-2, LO2-3, LO2-4) [The following information applies 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): Molding Fabrication Total Estimated total machine-hours used 2,500 1,500 4,000 Estimated total fixed manufacturing overhead $10,000 $15,000 $25,000 Estimated variable manufacturing overhead per machine-hour $ 1.40 $ 2.20 Job P $13,000 $21,000 Job $8,000 $7,500 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 800 1,700 600 2,300 900 1,700 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 P included 20 units and Job Q included 30 units. For questions 10-15, assume that the company uses a plantwide predetermined overhead rate with machine hours as the allocation base.

Answer 1

Please give positive rating your feedback is valuable to me.

In case , any problem please leave a comment.

14. Selling price of Job: The selling price is to be calculated on the basis of markup percentage of total manufacturing cost. The selling price of the job on the basis of cost plus pricing is calculated by adding the total manufacturing cost and markup percentage on total manufacturing cost. Calculation of Selling Price of Job P and Job Q: Markup percentage – 80% of total manufacturing cost Total Manufacturing cost: Job P: $50,500 Job Q: $30,800

Following shows the selling price of Job P and Job Q: 7230-2:35 Mobil Page View QUE I AS A . A Gene Paste EUR Format 4a Cantomca Insert Delete Format 20 So & de Fr Sad F23 D M N O 2 Cakulation of Selling price of Job Psad Job Q Particlears Job (5) JobQ (5) 5 Total Mandatering cost Markup (80% OF Total dating cos) 7 Saling Price 8 40.500 40,400 90.900 30.800 460 55,400 10 11 12 13 14 16 10 15 20 21 acturing.com price 14. Selag priceperunt 15. Cost of goods a 22 Selling price for Job P is $90,900 Selling price for Job Q is $55, 440

Selling price per unit basis is calculated by dividing the selling price for the job by the number of units. Following shows the selling price per unit For Job P and Job Q: 72130 2:15. Mac HE Page Dute fr Σ De Trac Pets Show Formula Recent Facul Tel Dule & More Time Reference Function erection row Formula www Sheet Options HOO D G M N 1 2 3 Cakulatica of Selling price of Job P and Job Q Particlears Job P (5) JobQ 90.900 Scing Price 6 Number of units Selling Price per 59.440 10 4.85 9 10 11 13 14 15 16 O 21 1. Macturing cost 109 $4,545 Selling price per unit for Job P is $1,848 Selling price per unit for Job Q is