eten 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 4, 200 $ 16,800 Fabrication 2,520 $ 25, 200 Total Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine- hour 6,720 $ 42,000 $ 1.40 $ 2.20 Job P $ 21,840 $ 35,280 Job Q $ 13,440 $ 12,600 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication 2,890 1,010 1,340 1,480 Total 3,900 2,820 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1 to 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 to 15, assume that the company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. ssume that Sweeten Company used cost-plus pricing (and a markup percentage of 80% of total manufacturing cost) to establish ng prices for all of its jobs. What selling price would the company have established for Jobs P and Q? What are the selling prices oth jobs when stated on a per unit basis? (Do not round intermediate calculations. Round your final answers to nearest whole ar.) Job P Job Q price for the job ng price per unit
eten 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 4, 200 $ 16,800 Fabrication 2,520 $ 25, 200 Total Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine- hour 6,720 $ 42,000 $ 1.40 $ 2.20 Job P $ 21,840 $ 35,280 Job Q $ 13,440 $ 12,600 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication 2,890 1,010 1,340 1,480 Total 3,900 2,820 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1 to 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 to 15, assume that the company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. ssume that Sweeten Company used cost-plus pricing (and a markup percentage of 80% of total manufacturing cost) to establish ng prices for all of its jobs. What selling price would the company have established for Jobs P and Q? What are the selling prices oth jobs when stated on a per unit basis? (Do not round intermediate calculations. Round your final answers to nearest whole ar.) Job P Job Q price for the job ng price per unit
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter4: Accounting For Factory Overhead
Section: Chapter Questions
Problem 17P: Luna Manufacturing Inc. completed Job 2525 on May 31, and there were no jobs in process in the...
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Question
![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
4, 200
$ 16,800
Fabrication
2,520
$ 25, 200
Total
Estimated total machine-hours used
Estimated total fixed manufacturing overhead
Estimated variable manufacturing overhead per machine-
6,720
$ 42,000
hour
$ 1.40
$ 2.20
Job Q
$ 13,440
$ 12,600
Job P
Direct materials
Direct labor cost
$ 21,840
$35,280
Actual machine-hours used:
Molding
Fabrication
2,890
1,010
1,340
1,480
Total
3,900
2,820
Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month.
Required:
For questions 1 to 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 to 15, assume that the company uses a plantwide predetermined overhead rate with machine-hours as the allocation
base.
1. Assume that Sweeten Company used cost-plus pricing (and a markup percentage of 80% of total manufacturing cost) to establish
elling prices for all of its jobs. What selling price would the company have established for Jobs P and Q? What are the selling prices
r both jobs when stated on a per unit basis? (Do not round intermediate calculations. Round your final answers to nearest whole
pllar.)
Job P
Job Q
otal price for the job
Selling price per unit](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9ecbc6b6-6518-454f-989a-d1b2a8923a43%2Fea8b2413-c257-4e4e-a051-36f12b80d4cb%2F0ob93cr_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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
4, 200
$ 16,800
Fabrication
2,520
$ 25, 200
Total
Estimated total machine-hours used
Estimated total fixed manufacturing overhead
Estimated variable manufacturing overhead per machine-
6,720
$ 42,000
hour
$ 1.40
$ 2.20
Job Q
$ 13,440
$ 12,600
Job P
Direct materials
Direct labor cost
$ 21,840
$35,280
Actual machine-hours used:
Molding
Fabrication
2,890
1,010
1,340
1,480
Total
3,900
2,820
Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month.
Required:
For questions 1 to 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 to 15, assume that the company uses a plantwide predetermined overhead rate with machine-hours as the allocation
base.
1. Assume that Sweeten Company used cost-plus pricing (and a markup percentage of 80% of total manufacturing cost) to establish
elling prices for all of its jobs. What selling price would the company have established for Jobs P and Q? What are the selling prices
r both jobs when stated on a per unit basis? (Do not round intermediate calculations. Round your final answers to nearest whole
pllar.)
Job P
Job Q
otal price for the job
Selling price per unit
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