Mathematics, 08.02.2021 17:00 pennyluvsu13
7) 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 Fabrication Total
Estimated total machine-hours used 2,500 1,500 4,000
Estimated total fixed manufacturing overhead $ 12,250 $ 16,350 $ 28,600
Estimated variable manufacturing overhead per machine-hour $ 2.30 $ 3.10
Job P Job Q
Direct materials $ 22,000 $ 12,500
Direct labor cost $ 28,200 $ 11,100
Actual machine-hours used:
Molding 2,600 1,700
Fabrication 1,500 1,800
Total 4,100 3,500
Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month.
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 departmental predetermined overhead rates with machine-hours as the allocation base in both departments.
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.)
Job P Job Q
Total Price for the job
Selling Price per unit
8) 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 Fabrication Total
Estimated total machine-hours used 2,500 1,500 4,000
Estimated total fixed manufacturing overhead $ 12,250 $ 16,350 $ 28,600
Estimated variable manufacturing overhead per machine-hour $ 2.30 $ 3.10
Job P Job Q
Direct materials $ 22,000 $ 12,500
Direct labor cost $ 28,200 $ 11,100
Actual machine-hours used:
Molding 2,600 1,700
Fabrication 1,500 1,800
Total 4,100 3,500
Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month.
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 departmental predetermined overhead rates with machine-hours as the allocation base in both departments.
8)What was Sweeten Company’s cost of goods sold for March? (Do not round intermediate calculations.)
Cost of goods sold
Answers: 3
Mathematics, 21.06.2019 18:10
Find the solution set of this inequality. enter your answer in interval notation using grouping symbols. |8x-4| ≤ 12
Answers: 1
Mathematics, 21.06.2019 20:30
Peter applied to an accounting firm and a consulting firm. he knows that 30% of similarly qualified applicants receive job offers from the accounting firm, while only 20% of similarly qualified applicants receive job offers from the consulting firm. assume that receiving an offer from one firm is independent of receiving an offer from the other. what is the probability that both firms offer peter a job?
Answers: 1
Mathematics, 21.06.2019 23:30
How do you write 600 as a product of its prime factors (index! )
Answers: 1
7) Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. T...
Mathematics, 14.10.2019 11:50
English, 14.10.2019 11:50
Social Studies, 14.10.2019 11:50
Mathematics, 14.10.2019 11:50
Mathematics, 14.10.2019 11:50
English, 14.10.2019 11:50
Physics, 14.10.2019 11:50
Social Studies, 14.10.2019 11:50
English, 14.10.2019 11:50
History, 14.10.2019 11:50
Advanced Placement (AP), 14.10.2019 11:50