determine the companys plantwide predetermined overhead rate

The Foundational 15 (Algo) [LO2-1, LO2-2, LO2-3, LO2-4] [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 $25.800 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $1.90 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 addilional 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. Ine arect matenats cost, arect zabor cost, and macrune nours used tor jobs frand 4 are as tollows: Sweeten Company had no overapplied or underapplled 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 2-1 (Algo) 1. What is the company's plantwide predetermined overhead rate? (Round your onswer to 2 decimal ploces.)