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Required Information [The following infomation apples to the questions disployed below] Sweeten Company had no jobs in progress at the beginning of the year and no beginving 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 yeat, it entimated that 4.000 machine-hours would be required for the period's estimated level of production. Sweeten aiso estimated $31,000 of fived manufacturing overhead cost for the coming period and variable manufactuting overhead of $3.20 per machine hour, Because Sweeten has two manufacturing depertments-Moiding and Fabrication-it is considering replacing its plaritwide overhead rate with departmental rates that would also be bosed on machine hours. The compary gathered the following additional information to enable caiculating departmental ovemead 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 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. 1. What is the company's plantwide predetermined ovemead rate? Note: Round your answer to 2 decimal places. Requlred Information [The following information applies to the questions displayed below. Sweeten Company had no jobs in progress at the beginning of the yeat and no beginning inventories. It started, completed, and sold only two jobs during the yeat-Job P and Job Q. The company uses a plantwide predetermined overhead rate based on machine-hours. At the beginning of the yeat, it estimated that 4,000 machine-hours would be required for the period's estimated level of production. Sweeten also estimated $31.000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $3.20 per machine-hour. Because Siveeten has two manufacturing departments-Molding and Fabrication-it is considering replacing its plantvide overhead rate with departmental rates that would also be based on machine-hours. The company gathered the following add tional information to enable calculating deportmental 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. Requlred: 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. 2. How much manufacturing overhead was applied to Job P and how much was applied to Job Q ? Note: Do not round Intermedlate calculations. Required Information [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 $31,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $3.20 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 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. 3. What is the total manufacturing cost assigned to Job P? Note: Do not round Intermedlate caleulatlons. Round your final answer to nearest whole dollar. Requlred Information [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 $31,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $3.20 per machine-hout. 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 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. 4. If Job P includes 20 units, what is its unit product cost? Note: Do not round Intermedlate calculations. Round your final answer to nearest whole dollar. [The following information applies to the questions displayed below] Sweeten Compery 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 eltimated $31,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $3.20 per machine-hout. 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 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. 5. What is the totel manufacturing cost assigned to Job Q ? Note: Do not round Intermedlote calculations. Requlred lnformation [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 yeat, it estimated that 4.000 machine-hours would be required for the period's estimated level of production. Sweeten also estimated $31.000 of fixed marnufacturing overhead cost for the coming period and variable manufocturing overhead of $3.20 per machine-hour: Because Sweeten has two manufacturing departments-Molding and Fabrication-it is considering replacing its plantwide overhead rate with deportmental rates that would also be based on machine-hours. The company gathered the following addional information to enable calculating departmental ovethead rates: The direct materiais 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. Requlred: For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rate with machine-hours as the nllocation base. For questions. 9-15, assume that the company uses predetermined departmental overhead rates with machine-hours as the allocation base in both departments. 6. If Job Q includes 30 units, what is its unit product cost? Note: Do not round Intermedlate calculations. Pound your finol answer to nearest whole dollar. Requlred information [The foliowing information applies to the questions displayed beiow] 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 overnead rate based on machine hours. At the beginning of the year, it estimated that 4.000 machine-hours would be required for the periods estimated level of production. Sweeten also estimated $31,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $3.20 per machine-hour. Because 5weeten has two manufacturing deportments-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. Requlred: For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead fate 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. 7. Assume that Sweeten Company uses cost-plus pricing (and a markup percentage of 800 of total manufacturing cost) to establish selling prices for all of its jobs. If Job 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? Note: Do not round Intermedlate calculations. Round your final answers to nearest whole dollar. Pequlred information [The following information dpplies to the questions displdyed below] Sweeten Compony had no jobs in progress at the beginning of the year and no beginning inventories. It started. compleled, and sold only two jobs during the year-Job P and Job Q. The compsny 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 productlon Sweeten also estimated $31.000 of fixed manufacturing overhead cost for the coming period and vatiable manufacturing overhead of $3.20 per machine-hour Because Sweeten has two manufacturing departments-Molding and Fabrication-it is considering replacing its plantwide overhead rate with degartmental rates that would also be based on machine-hours. The company gathered the following addibonal information to enable calculating departmental overhead rates The direct moterials 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. Requlred: 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. 8. What is Sweeten Company's cost of goods sold foc the year? Note: Do not round intermedlate colculations. Requlred information [The following information appies to the questions displejed beion] Sweeten Company hitd no jobs in progress ot the beginning of the year and no beginning invertories. If started. completed. and sold only two jobs during the year-Job P and Job Q. The company uses a plantwide predetermined overhead rote based on machine-hours, At the beginning of the yeat, in estimated that 4,000 machine-hours would be required for the perlods estimated level of production. Sweeten aiso estimated $31,000 of fired manufacturing overhead cost for the coming period and vatiable manufacturing overhend of $320 per machine-hour. Because Sweeten has two manufacturino deparments-Moiding and Fabrication-it is considering replieing its piantwide overhead rate with departmental rates that would aiso be based on machine hours. The company gathered the following addibonat infomation 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 underappled manufocturing 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 compary uses predetermined departmental overhead rates with machine-hours as the allocation base in both departments 9. What are the companys predetermined overhead rates in the Molding Department and the Fabrication Department? Note: Round your anwwers to 2 decimal places. Requlred Informetion [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. compieted, and sold only two jobs during the year-lob P and Job Q. The compary uses a plantwide predetermined overhead rate based on mechine-hours. At the beginning of the yeat, it estimated that 4.000 machine-hours would be required for the period's estimated ievel of production. Sweeten also estimated $31,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $3.20 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 enabie 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 manuflacturing 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. Dow much manufacturing overhead was applied from the Moiding Department to Job P and how much was applied to Job Q? lote: Do not round Intermedlate calculations. Requlred information [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 yeat, it estimated that 4.000 machine-hours would be required for the periods estimated level of production. Sweeten also estimated $31.000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $3.20 per machine hour. Because Swecten has two manufacturing departments-Molding and Fabrication-it is considering replacing its plantwide overhead rate with departmental rates that would also be bosed on machine hours. The company gathered the following additional information to enable calculating departmental overhead rates: The direct materiais cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows: Sweeten Company had no overapplied or underopplied manufacturing overhead costs during the year. Requlred: 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. How much manufacturing overhead was applied from the Fabrication Department to Job P and how much was applied to Job Q? lote: Do not round Intermediate calculations. Requlred Information [The following information apples to the questions displayed below] Sweeren 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 ovemead rate based on machine-hours. At the beginning of the yeat, it estimated that 4,000 machine-hours would be required for the period r estimated level of production. Sweeten also estimated $31,000 of fixed manufacturing overhead cost for the coming petiod and variable manufacturing overhead of $3.20 per machine-hout. 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 intormation 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 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. 12. If Job P includes 20 units. what is its unit product cost? Note: Do not round Intermedlate calculotions. Requlred tnformation [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 onty 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 $31,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $3.20 per machine-hout: Because Sweeten has two manufacturing departments-Molding and Fabrication-it is considering replacing its plantwide ovechead rate with departmental rates that would also be based on machine-hours. The company gathered the following addional 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 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. 13. If Job Q includes 30 units. What is its unit product cost? Note: Do not round Intermediate caleulotions. Round your final answer to nearest whole dollor. Requlred Information [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 $31,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $3.20 per machine-hout. Because Sweeten has two manufacturing departments-Molding and Fabrication-it is considering replacing ins plantwide ovethead rate with departmental rates that would aiso 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. Requlred: 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. 4. Assume that Sweeten Company uses cost-plus pricing (and a markup percentage of 80% of total manufacturing cost) to establish ielling prices for all of its Jobs. If Job P includes 20 units and Job Q includes 30 units, what selling price would the company estoblish or Jobs P and Q ? What are the selling prices for both jobs when stated on a per unit basis? Note: Do not round Intermediate calculations. Round your final answers to nearest whole dollar. Requlred informotion [The following information applies to the questions displayed beiow] 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 eitimated that 4.000 machine-hours would be required for the period's estimated level of production. Sweeten also estimated $3 tooo of fioed manufacturing overhead cost for the coming petiod and variable manufacturing overhead of $3.20 per machine hour: Because sweeten has two manufacturing departments-Moiding and Fabeication-it is considering replacing its plaritwide overhead rate with departmental rates that would also be bosed on machine hours. The cornpariy gathered the following additional information to enable calculating departmertal 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 overapplled or underapplied manufacturing overhead costs during the year. Required: For questions 18, 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. 15. What is Sweeten Compary's cost of goods sold for the year? Note: Do not round Intermedlate caleulations. Required information [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 $31,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $3.20 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 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. 1. What is the company's plantwide predetermined overhead rate? Note: Round your answer to 2 decimal places. [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 $31,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $3.20 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 cast, 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 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. 2. How much manufacturing overhead was applied to Job P and how much was applied to Job Q? Note: Do not round intermediate calculations. 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 $31,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $3.20 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 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. 3. What is the total manufacturing cost assigned to Job P ? Note: Do not round intermediate calculations. Round your final answer to neorest whole dollar. 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 $31,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $3.20 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 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. 4. If Job P includes 20 units, what is its unit product cost? Note: Do not round intermediate calculations. Round your final answer to nearest whole dollor. 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 $31,000 of fixed manufacturing overhe cost for the coming period and variable manufacturing overhead of $3.20 per machine-hour. Because Sweeten has two manufacturing departments -Molding and Fabrication-it is considering replacing its plantw overhead rate with departmental rates that would also be based on machine-hours. The company gathered the followin 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 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. 5. What is the total manufacturing cost assigned to Job Q? Note: Do not round intermediate colculations. 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 $31,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $3.20 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 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 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. [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 $31,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $3.20 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 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. 7. Assume that Sweeten Company uses cost-plus pricing (and a markup percentage of 80% of total manufacturing cost) to establish selling prices for all of its jobs. If Job 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 basils? Note: Do not round Intermedlate calculations. Round your final answers to nearest whole dollar. Requlred Information [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 $31,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $3.20 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. Requlred: 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. 8. What is Sweeten Company's cost of goods sold for the year? Note: Do not round Intermedlote calculatlons. Requlred Information [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 $31,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $3.20 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 aiso be based on machine-hours. The company gathered the following additional information to enable calculating departmental overhead rates: The direct materiais 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 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 bose in both departments. What are the company's predetermined overhead rates in the Molding Department and the Fabrication Department? lote: Round your answers to 2 decimal places. Requlred Information [The following infomation 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 machlne-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 $31,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $3.20 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 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. 0. How much manufacturing overhead was applied from the Molding Department to Job P and how much was applied to Job Q? Note: Do not round Intermedlate calculations. Requlred Information [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 $31,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $3.20 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. Requlred: 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 departmentai overhead rates with machine-hours as the allocation base in both departments. 1. How much manufacturing overhead was applied from the Fabrication Department to Job P and how much was applied to Job Q? Note: Do not round Intermedlate calculations. Requlred Information [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 $31,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $3.20 per machine-hour. Because Sweeten has two manufacturing departments-Molding and Fabrication-it is considering replacing its piantwide overhead rate with departmental rates that would also be based on machine-hours. The compary 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 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. 12. If Job P includes 20 units, what is its unit product cost? Note: Do not round Intermedlate calculations. Requlred Information [The following information applies to the questions displayed below] Sweeten Compary had no jobs in progress at the beginning of the yeat and no beginning inventories. It started, completed, and sold only two jobs during the yeat-Job P and Job Q. The compary uses a plantwide predetermined overhead rate based on machine-hours. At the beginning of the yeat, it estimated that 4.000 machine-hours would be required for the period's estimated level of production. Sweeten also estimated $31,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $3.20 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. Requlred: 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. 13. If Job Q includes 30 units, what is its unit product cost? Note: Do not round Intermedlate calculatlons. Round your final answer to nearest whole doller. [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 $31,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $3.20 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 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. 4. Assume that Sweeten Company uses cost-plus pricing (and a markup percentage of 80% of total manufacturing cost) to establish ielling prices for all of its jobs. If Job P includes 20 units and Job Q includes 30 units, what selling price would the company establish or Jobs P and Q ? What are the selling prices for both jobs when stated on a per unit basis? Note: Do not round Intermedlate calculatlons. Round your final answers to nearest whole dollar. Required Information [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 piantwide 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 $31,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $3.20 per machine-hour. Because Sweeten has two manufacturing departments-Moiding 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 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. 15. What is Sweeten Company's cost of goods sold for the year? Note: Do not round Intermedlate calculations
