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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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 2,500 $10,250 $ Total Estimated total machine-hours used 1,500 $15,150 4,000 $25,400 Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour 1.50 $ 2.30 Job P Job Q Direct materials Direct labor cost $14,000 $21,800 $8,500 $7,900 Actual machine-hours used: Molding Fabrication 1,800 700 900 1,000 Total 2,500 1,900 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. 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 2,500 $10,250 $ Total Estimated total machine-hours used 1,500 $15,150 4,000 $25,400 Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour 1.50 $ 2.30 Job P Job Q Direct materials Direct labor cost $14,000 $21,800 $8,500 $7,900 Actual machine-hours used: Molding Fabrication 1,800 700 900 1,000 Total 2,500 1,900 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month.