please answer all quwstions
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 $33,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $3.70 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 Fabrication 2,500 1,500 $ 15,000 $ 18,000 $ 3.40 $ 4.20 Total 4,000 $ 33,000 The direct materials cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows: Job P Job O Direct materials $ 33,000 $ 18,000 Direct labor cont $ 37,000 $ 15,500 Actual machine-hours used: Molding 3,700 2,800 Fabrication 2.600 2,900 Total 6,00 5,700 Sweeten Company had no overapplied or underapplied manufacturing overhead costs during the year. Required: For questions 1-8, assume thot 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. 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 Pincludes 20 units and Job 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 Total price for the job Selling price per unit additional information to enable calculating departmental overhead rates: Molding Fabrication Total Estimated total machine-hours used 2,500 1,500 4,000 Estimated total fixed manufacturing overhead $ 15,000 $ 18,000 $ 33,000 Estimated variable manufacturing overhead per machine-hour $ 3.40 $ 4.20 The direct materials cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows: Job P $ 33,000 $ 37,000 Job $ 18,000 $ 15,500 Direct materials Direct labor cost Actual machine Thours used: Molding Fabrication Total 3,700 2,600 6,300 2,800 2,900 5,700 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 machir the allocation base. For questions, 9-15, assume that the company uses predetermined departmental overhea machine-hours as the allocation base in both departments, 8. What is Sweeten Company's cost of goods sold for the year? (Do not round intermediate calculations.) Cost of goods sold Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour $ 33,000 $ 15,000 $ 3.40 $ 18,000 $ 4.20 The direct materials cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows: Job P $ 33,000 $ 37,000 Job $ 18,000 $ 15,500 Direct materials Direct labor cost Actual machine-hours used Molding Fabrication Total 3.700 2,600 6,300 2,800 2,900 5,700 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. 9. What are the company's predetermined overhead rates in the Molding Department and the Fabrication Department? (Round your answers to 2 decimal places.) Molding Department Fabrication Department Predetermined Overhead Rate per MH per MH Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead por machine-hour 2,500 $ 15,000 $ 3.40 1,500 $ 18,000 $ 4.20 4,000 $ 33,000 The direct materials cost, direct labor cost, and machine hours used for Jobs P and Q are as follows: Job $ 33,000 5 37.000 Job o $ 18,000 $ 15,500 Direct materials Direct labor cost Actual machine-hours used Molding Fabrication Total 3,700 2.600 6,300 2,800 2.900 5,700 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. 10. How much manufacturing overhead was applied from the Molding Department to Job P and how much was applied to Job Q? (DO not round intermediate calculations.) Job P Job Manufacturing overhead applied Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Molding 2,500 $ 15,000 $ 3.40 Fabrication 1,500 $ 18,000 $ 4.20 Total 4,000 $ 33,000 The direct materials cost, direct labor cost, and machine hours used for Jobs P and Q are as follows: Job P $ 33,000 $ 37,000 Job $ 18,000 $ 15,500 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 3,700 2,600 6,300 2,800 2.900 5,700 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 11. How much manufacturing overhead was applied from the Fabrication Department to Job P and how much was applied to Job Q? (Do not round intermediate calculations.) Job P Job Manufacturing overhead applied 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 2,500 1,500 4,000 Estimated total fixed manufacturing overhead $ 15,000 $ 18,000 $ 33,000 Estimated variable manufacturing overhead per machine-hour $ 3.40 $ 4.20 The direct materials cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows: Job P $ 33,000 $ 37,000 Job o $ 18,000 $ 15,500 Direct materials Direct labor cost Actual machine-hours used Molding Fabrication Total 3,700 2,600 6,300 2,800 2.900 5,700 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? (Do not round Intermediate calculations.) Unit product cost
