Required information [The following information applies to the questions display

Question

Required information [The following information applies to the questions displayed below.] 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 Molding Fabrication Total 4,000 $14,750 $17,850 $32,600 2,500 1,500 $ 3.304.10 Job Q $32,000 $17,500 $36,200 $15,100 Job P Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 3,600 2,500 6,100 2,700 2,800 5,500 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 12. If Job P included 20 units, what was its unit product cost? (Do not round intermediate calculations.) Answer is complete but not entirely correct. Unit product cos $6,216

Explanation / Answer

OH for fabrication: 17850/1500 = 11.90 per MH Total OH for fabricatio: 11.90+4.10=16 JOB P JOB Q Materiall 32000 17,500 labour 36200 15100 OH assigned: Molding OH @ 9.20 33120 24840 Fabrication OH @ 16 40000 44800 Total cost 141320 102240 Number of units 20 30 Cost per unit 7066 3408 Totak cost JOB P JOB Q Materiall 32000 17,500 labour 36200 15100 OH assigned: Molding OH @ 9.20 33120 24840 Fabrication OH @ 16 40000 44800 Total cost 141320 102240 Add: Mark up @80% 113056 81792 Sales value 254376 238234 Number of units 20 30 Selling price 12718.8 7941.133 Job P Job Q Total Price 141320 102240 Selling price 12718.8 7941.13

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