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 14. 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? (Do not round intermediate calculations. Round your final answers to nearest whole dollar) Total price for the job Selling price per unit Job P Cost of goods sold Job Q 15. What was Sweeten Company's cost of goods sold for March? (Do not round intermediate calculations.)
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 14. 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? (Do not round intermediate calculations. Round your final answers to nearest whole dollar) Total price for the job Selling price per unit Job P Cost of goods sold Job Q 15. What was Sweeten Company's cost of goods sold for March? (Do not round intermediate calculations.)
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter3: Process Cost Systems
Section: Chapter Questions
Problem 4E: The cost accountant for River Rock Beverage Co. estimated that total factory overhead cost for the...
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![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
14. 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? (Do not round intermediate calculations. Round your final answers to nearest whole
dollar.)
Total price for the job
Selling price per unit
Job P
Job Q
15. What was Sweeten Company's cost of goods sold for March? (Do not round intermediate calculations.)
Cost of goods sold](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fca88f942-5df3-4e8a-8263-1f78e8a64e58%2Fbc20f49f-4ccd-42fe-823c-ec10d951816a%2Fosl1x2e_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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
14. 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? (Do not round intermediate calculations. Round your final answers to nearest whole
dollar.)
Total price for the job
Selling price per unit
Job P
Job Q
15. What was Sweeten Company's cost of goods sold for March? (Do not round intermediate calculations.)
Cost of goods sold
![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):
Estimated total machine-hours used
Estimated total fixed manufacturing, overhead
Estimated variable manufacturing overhead per machine-
hour
Direct materials
Direct labor cost
Actual machine-hours used:
Holding
Fabrication
Total
Job P
$18,200
$ 29,400
2,360
840
3,200
14. Assume that Sweeten Company used costinl
Job Q
$11,200
$ 10,500
1,120
1,280
2,400
Holding
3,500
$ 14,000
$ 1.40
Fabrication
2,100
$ 21,000
$2.20
Total
5,600
$ 35,000
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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fca88f942-5df3-4e8a-8263-1f78e8a64e58%2Fbc20f49f-4ccd-42fe-823c-ec10d951816a%2Fk5oc7v_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):
Estimated total machine-hours used
Estimated total fixed manufacturing, overhead
Estimated variable manufacturing overhead per machine-
hour
Direct materials
Direct labor cost
Actual machine-hours used:
Holding
Fabrication
Total
Job P
$18,200
$ 29,400
2,360
840
3,200
14. Assume that Sweeten Company used costinl
Job Q
$11,200
$ 10,500
1,120
1,280
2,400
Holding
3,500
$ 14,000
$ 1.40
Fabrication
2,100
$ 21,000
$2.20
Total
5,600
$ 35,000
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
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