The direct materials cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows:
Sweeten Company had no overapplied or underapplied manufacturing overhead costs during the year.
Required:
For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rate with machine-hours as
the allocation base. For questions, 9-15, assume that the company uses predetermined departmental overhead rates with
machine-hours as the allocation base in both departments.
Foundational 2-14 (Algo)
Assume that Sweeten Company uses cost-plus pricing (and a markup percentage of 80% of total manufacturing cost) to establish
selling prices for all of its jobs. If Job P includes 20 units and Job Q includes 30 units, what selling price would the company establish
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.)
Molding Fabrication 2,500 1,500 $13,500 $17,100 $2.80 $3.60
Total 4,000 $30,600
Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour
The direct materials cost,direct labor cost,and machine-hours used for Jobs P and Q are as follows
Job P $27,000 $ 32,200
Job Q $15,000 $13,100
Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total
3,100 2,000 5,100
2,200 2,300 4,500
Sweeten Company had no overapplied or underapplied manufacturing overhead costs during the year
Required: For questions 1-8,assume that Sweeten Company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. For questions, 9-15, assume that the company uses predetermined departmental overhead rates with machine-hours as the allocation base in both departments
Foundational2-14(Algo)
14.Assume that Sweeten Company uses cost-plus pricing (and a markup percentage of 8o% of total manufacturing cost) to establish selling prices for all of its jobs.If Job P includes 20 units and Job Q includes 30 units,what selling price would the company establish 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.)
