lational 15 Saved The Foundational 15 (Algo) [LO2-1, LO2-2, LO2-3, LO2-4] [The following information applies to the questions displayed below] Help Save & Exit Check m 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 $26,200 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $2.00 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: Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Molding 2,500 $ 10,750 $ 1.70 Fabrication. 1,500 Total 4,000 $ 15,450 $ 2.50 $ 26,200 The direct materials cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows: Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total Job P $ 16,000 $ 23,400 Job Q $ 9,500 $ 8,700 2,000 900 2,900 1,100 1,200 2,300 9 < Prev 12 13 14 15 of 15 Next > LI NO e 12 Part 12 of 15 1 points Direct labor cost Actual machine-hours used: Molding Fabrication Total $ 23,400 $ 8,700 2,000 1,100 900 2,900 1,200 2,300 Sweeten Company had no overapplied or underapplied manufacturing overhead costs during the Required: For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rat the allocation base. For questions, 9-15, assume that the company uses predetermined departme machine-hours as the allocation base in both departments. eBook Print References Foundational 2-12 (Algo) 12. If Job P includes 20 units, what is its unit product cost? (Do not round intermediate calculations.) Unil product cost 1 points eflook Print References Required: For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rate with machine-hours a the allocation base. For questions, 9-15, assume that the company uses predetermined departmental overhead rates wi machine-hours as the allocation base in both departments. Foundational 2-13 (Algo) 13. If Job Q includes 30 units, what is its unit product cost? (Do not round intermediate calculations. Round your final answe nearest whole dollar.) 70 product cust 1 points eBook Print References Foundational 2-14 (Algo) 14. 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 basis? (Do not round intermediate calculations. Round your final answers to nearest whole dollar.) Job P Job Q Total price for the job Selling price per unit Print References Foundational 2-15 (Algo) 15. What is Sweeten Company's cost of goods sold for the year? (Do not round intermediate c Ceist of goods sold