22 Part7 oflS _ 133 :mnm .,\\ J 2 01:15:03 J Reenences Required information The Foundational 15 (Algo) [LO2-1, L02-2, L02-3, L02-4] [The following information applies to the questions displayed below] Sweeten Company had nojobs in progress at the beginning ofthe year and no beginning inventories. It started, completed, and sold only twojobs during the yearJob 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 $28,200 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $2.50 per machine-hour. Because Sweeten has two manufacturing departmentsMolding and Fabricationit 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 Total Estimated total machine-hours used 2,599 1,599 4,999 Estimated total fixed manufacturing overhead $ 12,999 $ 16,299 $ 28,299 Estimated variable manufacturing overhead per machine-hour $ 2.29 $ 3.99 The direct materials cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows: Job P Job Q Direct materials $ 21,999 $ 12,999 Direct labor cost 5 27,499 5 19,799 Actual machine-hours used: Molding 2,566 1,666 Fabrication 1,499 1,799 Total 3,966 3,366 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, 915, assume that the company uses predetermined departmental overhead rates with machine-hours as the allocation base in both departments. Foundational 2-7 (Algo) 7. Assume that Sweeten Company uses cost-plus pricing (and a markup percentage of 80% oftotal manufacturing cost) to establish selling prices for all of itsjobs. IfJob P includes 20 units and Job Q includes 30 units, what selling price would the company establish for Jobs P and Q? What are the selling prices for both jobs when stated on a per unit basis? (Do not round intermediate calculations. Round your final answers to nearest whole dollar.)