Reference no: EM132568765

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                 Total

Estimated total machine-hours used                    2,500                                   1,500              4,000

Estimated total fixed manufacturing overhead         $11,250                          $15,750                $27,000

Estimated variable manufacturing overhead per machine-hour   $1.90    $2.70

                                              Job P                           Job Q

Direct materials               $18,000                      $10,500

Direct labor cost               $25,000                     $9,500

Actual machine-hours used:

Molding                                 2,200                        1,300

Fabrication                             1,100                         1,400

Total                                  3,300                             2,700

Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month.

Required:

Question 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? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.)