The following data apply to Benevento Industries, Inc. (BII): Value of operations $1,000 million Short-term investments $100 mil
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1.Plant wide predetermined rate=
Plant Wide Predetermined rate=
Plant Wise Predetermined Rate=$7.45
2. Manufacturing Overheads Applied to P and Q
P Q
Variable Manufacturing Overheads
Molding 7540 5200
Fabrication 6120 7140
Fixed Manufacturing Overheads
Molding 21605 14900
Fabrication 13410 15645
Total 48675 42885
3. Total Manufacturing Cost assigned to Job P is $48675.
4. If P has 20 Units Unit Product Cost will be as below:
Direct Materials 25000
Direct Labour 30600
Total Manufacturing overheads assigned 48675
total Product Cost 104275
Cost per unit $5213.75
5. Total Manufacturing Cost Assigned to Job Q is $42885.
6. If Q has 30 units uint product cost will be as below:
Direct Materials 14000
Direct Labour 12300
Total Manufacturing Overheads 42885
Total Cost 69185
Cost per Unit $2306.16
7. Selling Price for P
Total Cost of P...............................................................................$104275
Mark Up...........................................................................................$38940
Selling Price......................................................................................$ 143215
Cost per unit.....................................................................................$7160.75
Selling Price for Q
Total Cost of Q ..............................................................................69185
Markup ......................................................................................... 34308
Selling Price ................................................................................103493
Cost per unit...................................................................................$3449.76
8. Cost of Goods Sold for March...................................................$173460