Question

applies to the questions displayed Part 14 of 15 jobs in progress at the beginning of iventories. The company has two s-Molding and Fabrication. It 0/1 Id only two jobs during March-Job points awarded additional information is available e and for Jobs P and Q (all data and Scored nth of March): eBook 2-hours used nanufacturing overhead ufacturing overhead per machine-hour Molding Fabrication Total 2,500 1,500 4,000 $10,000 $15,000 $25,000 $ 1.40 $ 2.20 Print Job P $13,000 $21,000 Job O $8,000 $7,500 sed: 1,700 600 800 900 1,700 2,300 Mc CP # 15 of 15 Next >

Answer 1

Based on the information available in the question, we can answer as follows:-

Step 1:- Calculate the Predetermined overhead rates

Molding = $10,000/2,500 hours + $1.40 per hour = $4 + $1.40 per hour = $5.4 per hour

Fabrication = $15,000/1,500 hours + $2.20 per hour = $10 + $2.20 per hour = $12.20 per hour

Step 2:- Manufacturing overhead from Molding depart

Job P = 1,700 hours * $5.4 per hour = $9,180

Job Q = 800 hours * $5.4 per hour = $4,320

Manufacturing overhead applied from Fabrication department :-

Job P = 600 hours * $12.2 per hour = $7,320

Job Q = 900 hours * $12.2 per hour = $10,980

Step 3:- Calculate the sale price per unit

Particulars	Job P	Job Q
Direct Material	13,000	8,000
Direct Labor	21,000	7,500
Overhead applied	16,500	15,300
Total Cost	50,500	30,800
Units	20	30
Cost per unit	2,525	1,027
Add Markup(80%)	2,020	821
Selling Price per unit	4,545	1,848

Overhead applid = Job P = $9,180 + $7,320 = $16,500

based on the above calculation, the answers are as follows:-

Particulars	Job P	Job Q
Total price for the job	50,500	30,800
Selling Price per unit	4,545	1,848

Plese let me know if you have any questions via comments and all the best :) !