subject
Business, 16.10.2019 01:20 jamarstand

Sweeten company has 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 $14,750 $17,850 $32,600
estimated variable manufacturing/machine-hour $3.30 $4.10
job o job q
direct materials $32,000 $17,500
direct labor cost $36,200 $15,100
actual machine-hours used
molding 3,600 2,700
fabrication 2,500 2,800
total 6,100 5,500
sweeten company had no underapplied or overapplied manufacturing overhead costs during the month.

required

for the following questions, assume that sweeten company uses a plant-wide predetermined overhead rate with machine-hours as the allocation base.

1. assume that sweeten company used cost-plus pricing (and a markup percentage of 80% of the 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 the nearest whole dollar.)

2. what was sweeten company's cost of goods sold for march?

ansver
Answers: 3

Other questions on the subject: Business

image
Business, 21.06.2019 17:50, belmontes
When borrowers want funding to pay for different projects, they go to the loanable funds market and acquire funds through either indirect finance or direct finance. below, you are given five different scenarios. is each an example of direct finance or indirect finance?
Answers: 2
image
Business, 22.06.2019 09:50, niele123
The returns on the common stock of maynard cosmetic specialties are quite cyclical. in a boom economy, the stock is expected to return 22 percent in comparison to 9 percent in a normal economy and a negative 14 percent in a recessionary period. the probability of a recession is 35 percent while the probability of a boom is 10 percent. what is the standard deviation of the returns on this stock?
Answers: 2
image
Business, 22.06.2019 10:30, alyea231
Which analyst position analyzes information using mathematical models to business managers make decisions? -budget analyst -management analyst -credit analyst -operations research analyst
Answers: 1
image
Business, 22.06.2019 12:30, dtrdtrdtrdtrdrt1325
Suppose a holiday inn hotel has annual fixed costs applicable to its rooms of $1.2 million for its 300-room hotel, average daily room rents of $50, and average variable costs of $10 for each room rented. it operates 365 days per year. the amount of operating income on rooms, assuming an occupancy* rate of 80% for the year, that will be generated for the entire year is *occupancy = % of rooms rented
Answers: 1
You know the right answer?
Sweeten company has no jobs in progress at the beginning of march and no beginning inventories. the...

Questions in other subjects:

Konu
Social Studies, 07.04.2020 02:56