1. 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?
Total price for job P?
Total price for job Q?
Selling price per unit for Job P?
Selling price per unit for Job Q?
2. What was Sweeten Company’s cost of goods sold for March?
3. What were the company’s predetermined overhead rates in the Molding Department and the Fabrication Department (per MH)?
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