15 Required Information 0.38 points Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. It started only two jobs during March-Job P and Job Q. Job P was completed Foundational 3-15 and sold by the end of the March and Job Q was incomplete at the end of the March. The company uses a plantwide predetermined overhead rate based on direct labor-hours. The 15. Assume that Job P includes 35 units that each sell for $2,600 and that the company's selling and administrative expenses in March were $13,000. Prepare an absorption costing income statement for following additional information is available for the company as a whole and for Jobs P and March Q (all data and questions relate to the month of March): Income Statement for March $14,400 Estimated total fixed manufacturing overhead 1.50 Estimated variable manufacturing overhead per direct labor-hour Estimated total direct labor-hours to be worked 3,600 $19.500 Total actual manufacturing overhead costs incurred Job P Job Q 15,000 9,600 Direct materials 40,500 12,000 Direct labor cost 2700 800 Actual direct labor-hours worked