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Required Information [The following information applies to the questions displayed below.) Sweeten Company had no Jobs in progress at the beginning of March and no
Required Information [The following information applies to the questions displayed below.) Sweeten Company had no Jobs in progress at the beginning of March and no beginning inventories. The company has two manufacturing departments-Molding and Fabrication. It started, completed, and sold only two jobs during March Job P and Job Q. The following additional Information is available for the company as a whole and for Jobs P and Q (all data and questions relate to the month of March): Molding Fabrication Total Estimated total machine-hours used 2,700 1,620 4,320 Estimated total fixed manufacturing overhead $10,800 $16,200 $27,000 Estimated variable manufacturing overhead per machine-hour $ 1.40 $ 2.20 Job Job P $14,040 $22,680 $8,640 $8,100 Direct materiala Direct labor cost Actual machine-hours used: Molding Fabrication Total 1,850 650 2,500 860 960 1,820 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1-9, assume that Sweeten Company uses departmental predetermined overhead rates with machine hours as the allocation base in both departments and Job Pincluded 20 units and Job included 30 units. For questions 10-15. assume that the company uses a plontwide predetermined overhead rate with machine hours as the allocation base. 1. What were the company's predetermined overhead rates in the Molding Department and the Fabrication Department? (Round your answers to 2 decimal places.) Predetermined Overhead Rate Molding Department Fabrication Department Der MH Der MH
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