Connect 2 Homework and questions relate to the month of Marc

Connect 2 Homework and questions relate to the month of March: Estimated total machine-hours used Estimated total fixed manufacturing overhead Eatinated variable manufacturing overhead per nachine-hour 1,500 4,000 410,000 15,000 ss,000 2,500 1.40 2.20 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 413,000 ,000 621,000 47,500 1,700 600 800 900 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1-8, assume that Sweeten Company uses a piantwide predetermined overhead rate with machine-hours as the allocation base. For questions 9-15, assume that the company uses departmental predetermined overhead rates with machine-hours as the alocation base in both deparments t4 Assume that Sweeten Company used cost-plus pricing Sand a markup percentage of 80% of total manufactu ng cosq to establish seling prices for all of its jobs. What selling price would the company have established for Jobs P and Q? What are the seling prices for both jobs when steted on a per unit basis assuming 20 units were produced for Job P and 30 units were produced for Job QP(Do not round intermedlate caleulations hp

Solution

The words and numbers in the picture are not clearly visible. I tried my best to understand the numbers in the question. For your convenience sake I have also given how the calculations were made.

	Computation formula	Job P	Job Q
(a) Total cost		2300	1700
(b) Markup - 80% of cost	b = a * 80%	1840	1360
(c) Price for the job	c = a + b	4140	3060
(d) no of units		20	30
(e) Price per unit	e = c/d	207	102