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):

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?

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Estimated total machine-hours used. Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total Job P Job Q $25,000 $14,000 $30,600 $12,300 2,900 1,800 4,700 2,000 2,100 4,100 Molding Fabrication Total 2,500 1,500 4,000 $13,000 $16,800 $29,800 $ 2.60 $ 3.40 Estimated total machine-hours used. Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total Job P Job Q $25,000 $14,000 $30,600 $12,300 2,900 1,800 4,700 2,000 2,100 4,100 Molding Fabrication Total 2,500 1,500 4,000 $13,000 $16,800 $29,800 $ 2.60 $ 3.40

Answer rating: 100% (QA)

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