Answer:
What selling price would the company have established for Jobs P and Q?
- Job P = $84,996
- Job Q = $61,632
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?
- Job P = $4,250 per unit
- Job Q = $2,054 per unit
Step-by-step explanation:
a lot of information is missing, so I looked for a similar question in order to determine the costs of Jobs P and Q:
Molding Fabrication Total
machine-hours used 2,500 1,500 4,000
fixed manufacturing overhead $10,000 $15,000 $25,000
variable man. overhead $1.40 $2.20
per machine-hour
Job P Job Q
Direct materials $13,000 $8,000
Direct labor cost $21,000 $7,500
Machine-hours used:
- Molding 1,700 800
- Fabrication 600 900
- Total 2,300 1,700
variable overhead $3,220 $3,740
fixed overhead $10,000 $15,000
total costs $47,220 $34,240
cost per unit $2,2361 $1,141.33
total markup $37,776 $27,392
total selling price $84,996 $61,632
selling price per unit $4,249.80 $2,054.40