15.

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: Molding Fabrication Estimated total machine-hours used 1,500 4,000 Estimated total fixed manufacturing overhead $ 15,150 $ 25,400 Entimated variablo manufacturing overhead per machine-hour The direct materials cost, direct labor cost and machine-hours used for Jobs P and Q are as follows: Total 2,500 $ 10,250 $ 1.50 $ 2.30 Job P $ 14,000 $ 21,000 Job o $ 8,500 $ 7,900 Direct materials Direct labor cont Actual machine-hours unedi Molding Fabrication Total 1,800 700 2,500 900 1,000 1,900 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 wwwwwwwwwwwwww Awit your Total 4,000 $ 25,400 additional information to enable calculating departmental overhead rates: Molding Fabrication Estimated total machine-hours used 2,500 1,500 Estimated total fixed manufacturing overhead $ 10,250 $ 15,150 Estimated variable manufacturing overhead per machine-hour $ 1.50 $ 2.30 The direct materials cost direct labor cost, and machine-hours used for Jobs Pand Q are as follows: Job ? Job Direct materiala $ 14,000 $ 8,500 Direct labor cont $ 21,800 $ 7,900 Actual machine-hours uned! Molding 1,800 Fabrication 1.000 Total 2,500 1,900 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, 900 700 Foundational 2-15 (Algo) 15. What is Sweeten Company's cost of goods sold for the year? (Do not round intermediate calculations.) Answer is complete but not entirely correct. Cost of goods sold $ 88,0603