Question

please show work

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 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 2,500 $14,250 $ 3.10 Fabrication 1,500 $17,550 $ 3.98 Total 4,000 $31,800 Job P $30,000 $34,600 Job 0 $16,500 $14,300 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 3,400 2,300 5,700 2,500 2,600 5,100 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 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. 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? (Do not round intermediate calculations. Round your final answers to nearest whole dollar.) Job P Job Q Total price for the job Selling price por unit

Answer 1

	Predetermined overhead rate = Estimated total manufacturing overhead/Estimated total machine hours
	Estimated Total variabale manufacturing overhead = (2,500*$3.10)+(1,500*$3.90)
	= $13,600
	Predetermined overhead rate = $13,600 + $31,800/4,000 = $11.35 per machine hour
	Total manufacturing Cost
		Job P	Job Q
	Direct material	$30,000	$16,500
	Direct labor cost	$34,600	$14,300
	Manufacturing Overhead	$64,695	$57,885
		(5,700*$11.35)	(5,100*$11.35)
	Total manufacturing Cost	$129,295	$88,685
	80% mark up on manufacturing cost	$103,436	$70,948
	Sales Value	$232,731	$159,633
14	Selling Price per unit	$11,637	$5,321
		($232,731/20)	($159,633/30)
15	Cost of Goods sold = $129,295 + $88,685 = $217,980
	Please upvote , if found the answer useful.
	For any clarification, Feel free to reach at comment Section