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 and Q (all data and questions relate to the month of March) Molding Fabrication Total Estimated total machine-hours used 3, eee 1,800 4,800 Estimated total fixed manufacturing overhead $12, eee $18, see $30, eee Estimated variable manufacturing overhead per machine-hour $ 1.40 $ 2.20 Job P $15,600 $25,200 Job $9,6ee $9,000 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 2, e8e 720 2,800 96e 1,040 2,000 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 plantwide 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 per MH per MH 2. 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 Q Manufacturing overhead applied 3. 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 4. What was the total manufacturing cost assigned to Job P? (Do not round intermediate calculations.) Total manufacturing cost 5. If Job P included 20 units, what was its unit product cost? (Do not rounl'intermediate calculations. Round your final answer to nearest whole dollar.) Unit productos 6. What was the total manufacturing cost assigned to Job Q? (Do not round intermediate calculations.) Total manufacturing cost 7. If Job Q included 30 units, what was its unit product cost? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) Unit product cost 8. Assume that Sweeten Company used cost-plus pricing and a markup percentage of 80% of total manufacturing cost) to establish selling prices for all of its jobs. What selling price would the company have established 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 Solling price per unit 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 Q included 30 units. For questions 10-15, assume that the company uses a plantwide predetermined overhead rate with machine-hours as the allocation base 10. What was the company's plantwide predetermined overhead rate? (Round your answer to 2 decimal places.) Predetermined overhead rate per MH 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 Q included 30 units For questions 10-15, assume that the company uses a plantwide predetermined overhead rate with machine-hours as the allocation base 11. How much manufacturing overhead was applied to Job P and how much was applied to Job Q?]Do not round intermediate calculations.) Job P Job Manufacturing overhead applied 13. If Job Q included 30 units, what was its unit product cost? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) Unit product cost 14. Assume that Sweeten Company used cost-plus pricing and a markup percentage of 80% of total manufacturing cost) to establish selling prices for all of its jobs. What selling price would the company have established 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
