Chapter 2, Problem 7F15

Sweeten Company bad 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):

Sweeten Company bad no under applied or over applied manufacturing overhead costs during the month.
Required:
For questions 1-8, assume that Sweeten Company uses a plant wide predetermined overhead rate with machine-hours as the allocation base.
For questions 9-15, assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments.

7. Assume that Sweeten Company used cost-plus pricin8 (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?