Required information

The Foundational $15($Algo$)[$LO$2-1,$ LO$2-2,$ LO$2-3,$ LO$2-4]$

$[$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 year, it estimated that $4,000$ machine$-$hours would be

required for the period's estimated level of production. Sweeten also estimated $$29,400$ of fixed manufacturing overhead

cost for the coming period and variable manufacturing overhead of $$2\mathrm{.}80$ 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:

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.

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. $1.$ What is the company$$s plantwide predetermined overhead rate? $2.$ How much manufacturing overhead was applied to Job P and how much was applied to Job Q$?3.$ What is the total manufacturing cost assigned to Job P$?4.$ If Job P includes $20$ units, what is its unit product cost? $5.$ What is the total manufacturing cost assigned to Job Q$?6.$ If Job Q includes $30$ units, what is its unit product cost? $7.$ Assume that Sweeten Company uses cost$-$plus pricing $($and a markup percentage of $80\%$ of total manufacturing cost$)$ to establish selling prices for all of its jobs. If Job P includes $20$ units and Job Q includes $30$ units, what selling price would the company establish for Jobs P and Q$?$ What are the selling prices for both jobs when stated on a per unit basis? $8.$ What is Sweeten Company$$s cost of goods sold for the year? $9.$ What are the company$$s predetermined overhead rates in the Molding Department and the Fabrication Department? $10.$ How much manufacturing overhead was applied from the Molding Department to Job P and how much was applied to Job Q$?11.$ How much manufacturing overhead was applied from the Fabrication Department to Job P and how much was applied to Job Q$?12.$ If Job P includes $20$ units, what is its unit product cost? $13.$ If Job Q includes $30$ units, what is its unit product cost? $14.$ Assume that Sweeten Company uses cost$-$plus pricing $($and a markup percentage of $80\%$ of total manufacturing cost$)$ to establish selling prices for all of its jobs. If Job P includes $20$ units and Job Q includes $30$ units, what selling price would the company establish for Jobs P and Q$?$ What are the selling prices for both jobs when stated on a per unit basis? $15.$ What is Sweeten Company$$s cost of goods sold for the year?