Sweeten Company had no jobs in progress at the beginning of the year and no beginning inventories. It started. completed, and sold only two jobs during the year-Job P and Job Q. The company uses a plantwide predetermined overhead rate based on machine-hours. At the beginning of the year. it estimated that 4,000 machine-hours would be required for the period's estimated level of production. Sweeten also estimated $25,400 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $1.80 per machine-hour: Because Sweeten has two manufacturing departments-Molding and Fabrication-it is considering replacing its plantwide overhead rate with departmental rates that would also be based on machine-hours. The company gathered the following additional information to enable calculating departmental overhead rates: The direct materials cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows: Sweeten Company had no overapplied or underapplied manufacturing overhead costs during the year Required: For questions 1.8 , assume that Sweeten Company uses o plantwide predetermined overhead rate with machine-hours as the allocation base. For questions, 9-15, assume that the company uses predetemined departmental overhead rates with machine hours as the allocation base in both departments 1. What is the company's plantwide predetermined overhead rate? Note: Round your onswer to 2 decimal places. 2. How much manufacturing overhead was applied to Job P and how much was appied to Job Q? Note: Do not round intermediate calculations. 3. What is the total manufacturing cost assigned to Job P? Note: Do not round intermediate calculations. Round your final answer to nearest whole dollar. 4. If Job P includes 20 units, what is its unit product cost? Note: Do not round intermediate calculations. Round your final answer to neorest whole dollar. 5. What is the total manufacturing cost assigned to Job Q? Note: Do not round intermediate calculations. 6. If Job Q includes 30 units, what is its unit product cost? Note: Do not round intermediate calculations. Round your final answer to nearest whole dollar. 7. Assume that Sweeten Compary uses cost-plus pricing land a markup percentage of 80% of total manufacturing cosy) to estabish seling prices for all of as jobs. If Job P includes 20 units and Job Q includes 30 units. What seling price would the company establish for Jobs P and Q? What are the selling paices for both jobs when stated on a per unit basis? Note; Do not round intermediate colculations. Round your final onswers to nearest whole dollat. 8. What is Sweeten Company's cost of goods sold for the year? Note: Do not round intermediate calculations
