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 $ 13,000 $ 16,800 $ 29,800 estimated variable manufacturing overhead per machine-hour $ 2.60 $ 3.40 job p job q direct materials $ 25,000 $ 14,000 direct labor cost $ 30,600 $ 12,300 actual machine-hours used: molding 2,900 2,000 fabrication 1,800 2,100 total 4,700 4,100 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. 1. what was the company’s plantwide predetermined overhead rate? 2. how much manufacturing overhead was applied to job p and how much was applied to job q? 3. what was the total manufacturing cost assigned to job p? 4. if job p included 20 units, what was its unit product cost? 5. what was the total manufacturing cost assigned to job q? 6. if job q included 30 units, what was its unit product cost? 7. assume that sweeten company used cost-plus pricing (and a markup percentage of 80% of total manufacturing cost) to establish selling for all of its jobs. what selling price would company have established for jobs p and q? what are the selling prices for both jobs when stated on a per unit basis? 8. what was sweeten company’s cost of goods sold for march? 9. what were the company’s predetermined overhead rates in the molding department and the fabrication department? 10. how much manufacturing overhead was applied from the molding department to job p and how much was applied to job q? 11. how much manufacturing overhead was applied from the fabrication department to job p and how much was applied to job q? 12. if job p included 20 units, what was its unit product cost? 13. if job q included 30 units, what was its unit product cost? 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? 15. what was sweeten company’s cost of goods sold for march?

1.Plant wide predetermined rate=

Plant Wide Predetermined rate=

Plant Wise Predetermined Rate=$7.45

2. Manufacturing Overheads Applied to P and Q

                                                                                                 P                           Q

Variable Manufacturing Overheads                          

Molding                                                                            7540                      5200

Fabrication                                                                      6120                        7140

Fixed Manufacturing Overheads

Molding                                                                           21605                     14900

Fabrication                                                                      13410                      15645

Total                                                                             48675                      42885

3. Total Manufacturing Cost assigned to Job P is $48675.

4. If P has 20 Units Unit Product Cost will be as below:

    Direct Materials                                                                         25000

    Direct Labour                                                                            30600

    Total Manufacturing overheads assigned                              48675

    total Product Cost                                                                   104275

    Cost per unit                                                                           $5213.75  

5. Total Manufacturing Cost Assigned to Job Q is $42885.

6. If Q has 30 units uint product cost will be as below:

   Direct Materials                                                                      14000

   Direct Labour                                                                           12300

  Total Manufacturing Overheads                                             42885

  Total Cost                                                                                 69185

  Cost per Unit                                                                         $2306.16

7. Selling Price for P

   Total Cost of P...............................................................................$104275

   Mark Up...........................................................................................$38940

   Selling Price......................................................................................$ 143215

  Cost per unit.....................................................................................$7160.75

 Selling Price for Q

 Total Cost of Q ..............................................................................69185

 Markup .........................................................................................   34308

Selling Price  ................................................................................103493

Cost per unit...................................................................................$3449.76

8. Cost of Goods Sold for March...................................................$173460

account balance book uk

answer/// there is an inverse relationship between price and quantity demanded;