subject
Business, 02.09.2020 01:01 ainhoagmz903

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 TotalEstimated total machine-hours used 2,500 1,500 4,000Estimated total fixed manufacturing overhead $12,000 $16,200 $28,200Estimated variable manufacturing overhead per machine-hour $2.20 $3.00 Job P Job QDirect materials $21,000 $12,000Direct labor cost $27,400 $10,700Actual machine-hours used: Molding 2,500 1,600Fabrication 1,400 1,700Total 3,900 3,300Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required:For questions 1 and 2, assume that Sweeten Company uses a plant-wide predetermined overhead rate with machine-hours as the allocation base. For questions 3-9, assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments.1. Assume that Sweeten Company uses 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?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?4. How much manufacturing overhead was applied from the Molding Department to Job P and how much was applied to Job Q?5. How much manufacturing overhead was applied from the Fabrication Department to Job P and how much was applied to Job Q?6. If Job P included 20 units, what was its unit product cost?7. If Job Q included 30 units, what was its unit product cost?8. 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?9. What was Sweeten Company's cost of goods sold for March?

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 01:30
Juwana was turned down for a car loan by a local credit union she thought her credit was good what should her first step be
Answers: 1
question
Business, 22.06.2019 08:40
Mcdonald's fast-food restaurants have a well-designed training program for all new employees. each new employee is supposed to learn how to perform standardized tasks required to maintain mcdonald's service quality. due to labor shortages in some areas, new employees begin work as soon as they are hired and do not receive any off-the-job training. this nonconformity to standards creates
Answers: 2
question
Business, 22.06.2019 10:30
Zapper has beginning equity of $257,000, net income of $51,000, dividends of $40,000 and investments by stockholders of $6,000. its ending equity is
Answers: 2
question
Business, 22.06.2019 12:30
Sales at a fast-food restaurant average $6,000 per day. the restaurant decided to introduce an advertising campaign to increase daily sales. to determine the effectiveness of the advertising campaign, a sample of 49 days of sales were taken. they found that the average daily sales were $6,300 per day. from past history, the restaurant knew that its population standard deviation is about $1,000. if the level of significance is 0.01, have sales increased as a result of the advertising campaign? multiple choicea)fail to reject the null hypothesis.b)reject the null hypothesis and conclude the mean is higher than $6,000 per day.c)reject the null hypothesis and conclude the mean is lower than $6,000 per day.d)reject the null hypothesis and conclude that the mean is equal to $6,000 per day.expert answer
Answers: 3
You know the right answer?
Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. The...
Questions
question
Mathematics, 01.05.2021 07:20
question
Mathematics, 01.05.2021 07:20
question
Mathematics, 01.05.2021 07:20
question
Mathematics, 01.05.2021 07:20
question
Mathematics, 01.05.2021 07:20
question
English, 01.05.2021 07:20
question
Mathematics, 01.05.2021 07:20
Questions on the website: 13722363