1. What is the Predetermined overhead Rate?

2. What is the total manufacturing cost?

3. If Job P includes 20 units, what is the unit product cost?

4. What is the total manufacturing cost assigned to Job Q?

5. If Job Q includes 30 units, what is its unit product cost?

6. What is Sweeten Companys cost of goods sold for the year?

7. What are the companys predetermined overhead rates in the Molding Department and the Fabrication Department?

8. How much manufacturing overhead was applied from the Molding Department to Job P and how much was applied to Job Q?

9. How much manufacturing overhead was applied from the Fabrication Department to Job P and how much was applied to Job Q?

10. If job P includes 20 units, what is its unit product cost?

11. If job Q includes 30 units, What is its unit product cost?

12. What is sweeten Companys cost of goods sold for the year?

The Foundational 15 (Algo) [LO2-1, LO2-2, LO2-3, LO2-4] [The following information applies to the questions displayed below.) 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 $30,200 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $3.00 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: Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Job P $ 26,000 $31,400 Molding Fabrication 2,500 1,500 $ 13,250 $ 2.70 $ 16,950 $ 3.50 Estimated total machine-hours used Estimated total fixed manufacturing overhea Estimated variable manufacturing overhead per machine-hour The direct materials cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows: 3,000 1,900. 4,900 Job Q $14,500 $ 12,700 Total 2,100 2,200 4,300 4,000 $ 30,200 Total Sweeten Company had no overapplied or underapplied manufacturing overhead costs during the year. Required: For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. For questions, 9-15, assume that the company uses predetermined departmental overhead rates with machine-hours as the allocation base in both departments