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 $29,400 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $2.80 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 Yabrication Total Estimated total machine-hours used 2,500 1,500 Estimated total fixed manufacturing overhead $ 12,750 5 16,650 5.29,400 Estimated variable manufacturing overhead per machine-hour $ 2.50 The direct materials cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows: 4,000 $ 3.30 Job P $ 24,000 $ 29,800 Job $ 13,500 $ 11,900 Direct materiala Direct labor cost Actual machine-hours used Holding Fabrication Total 2.800 1.700 4,500 1.900 2,000 3,900 Sweeten Company had no overopplied 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. Foundational 2-12 (Algo) 12. If Job Pincludes 20 units, what is its unit product cost? (Do not round Intermediate calculations.) 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 $29,400 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $2.80 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 Yabrication Total Estimated total machine-hours used 2,500 1,500 Estimated total fixed manufacturing overhead $ 12,750 5 16,650 5.29,400 Estimated variable manufacturing overhead per machine-hour $ 2.50 The direct materials cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows: 4,000 $ 3.30 Job P $ 24,000 $ 29,800 Job $ 13,500 $ 11,900 Direct materiala Direct labor cost Actual machine-hours used Holding Fabrication Total 2.800 1.700 4,500 1.900 2,000 3,900 Sweeten Company had no overopplied 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. Foundational 2-12 (Algo) 12. If Job Pincludes 20 units, what is its unit product cost? (Do not round Intermediate calculations.)
