7. 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 assuming 20 units were produced for Job P and 30 units were produced for Job Q? (Do not round intermediate calculations. Round your final answers to nearest whole dollar.)

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 assuming 20 units were produced for Job P and 30 units were produced for Job Q?

Explanation:

a lot of information is missing, so I looked for a similar question in order to determine the costs of Jobs P and Q:

                                                       Molding      Fabrication     Total

machine-hours used                        2,500            1,500         4,000

fixed manufacturing  overhead    $10,000       $15,000     $25,000  

variable man. overhead                   $1.40            $2.20    

per machine-hour

                                          Job P            Job Q

Direct materials               $13,000        $8,000  

Direct labor cost              $21,000        $7,500  

Machine-hours used:      

variable overhead           $3,220           $3,740

fixed overhead               $10,000         $15,000

total costs                       $47,220        $34,240

cost per unit                    $2,2361        $1,141.33

total markup                    $37,776        $27,392

total selling price            $84,996        $61,632

selling price per unit   $4,249.80    $2,054.40