Plantwide predetermined overhead rate = Estimated total manufacturing overhead / Estimated total machine hours
Plantwide predetermined overhead rate = $27,800+(2,500*$2.10+1,500*$2.90) / 4,000
Plantwide predetermined overhead rate = $27,800 + 5,250 + 4,350 / 4,000
Plantwide predetermined overhead rate = $37,400 / 4,000 = $9.35 per machine hour
1.
Job P | |
Direct material | $20,000 |
Direct labor | 26,600 |
Manufacturing overhead (3,700*$9.35) | 34,595 |
Total manufacturing costs | $81,195 |
Total units | 20 |
Unit product cost | $4,059.75 |
2.
Job Q | |
Direct material | $11,500 |
Direct labor | 10,300 |
Manufacturing overhead (3,100*$9.35) | 28,985 |
Total manufacturing costs | $50,785 |
3.
Unit product costs = $50,785 / 30 = $1,692.83
4.
Selling price per unit:
Job P = $4,059.75 + 80% = $7,307.55
Job Q = $1,692.83 + 80% = $3,047.094
5.
Cost of goods sold = $81,195 + $50,785 = $131,980
6.
Plantwide predetermined overhead rate = Estimated total manufacturing overhead / Estimated total machine hours
Plantwide predetermined overhead rate = $27,800+(2,500*$2.10+1,500*$2.90) / 4,000
Plantwide predetermined overhead rate = $27,800 + 5,250 + 4,350 / 4,000
Plantwide predetermined overhead rate = $37,400 / 4,000 = $9.35 per machine hour
1. If Job P included 20 units, what was its unit product cost? 2. What was...
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...
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...
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...
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...
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...
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...
4. If Job P included 20 units, what was its unit product cost? Required information (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...
PLEASE ANSWER THE TWO QUESTIONS BELEOW 12) If Job P included 20 units, what was its unit product cost? *do not rpund intermediate calculations 13) if job Q included 30 units, what was its unit product cost? * do not round intermediate calculations Red 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...
Job P = $ 68,145 Job Q = predetermined overhead rate * Actual Total machine hours of Job Q Job Q = $ 11.55 Per machine hour * 5300 Machine hours Job Q = $ 61,215 [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...