Required information The Foundational 15 (Algo) (LO2-1, LO2-2, LO2-3, LO2-4) [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 6. 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 $32,200 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $3.50 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: Molding Fabrication Total Estimated total machine-hours used 2,500 1,500 4,000 Estimated total fixed manufacturing overhead $ 14,500 $ 17,700 $ 32,200 Estimated variable manufacturing overhead per machine-hour $ 3.20 $ 4.00 The direct materials cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows: Job Direct materials $ 31,000 $ 17,000 Direct labor cost $ 35,400 $ 14,700 Actual machine-hours used Molding 3,500 2,600 Fabrication 2.400 2,700 Total 5.900 5,300 Job 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 For questions 1-8, assume that Sweeten Company ses a plantwa the allocation base. For questions, 9-15, assume that the company uses predetermined departmental overhead machine-hours as the allocation base in both departments. Foundational 2-1 (Algo) 1. What is the company's plantwide predetermined overhead rate? (Round your answer to 2 decimal places.) Predetermined overhead rate per MH Foundational 2-2 (Algo) 2. 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 3. What is the total manufacturing cost assigned to Job P? (Do not round intermediate calculations, Round your fin nearest whole dollar.) Total manufacturing cost Foundational 2-4 (Algo) 4. If Job P includes 20 units, what is its unit product cost? (Do not round intermediate calculat nearest whole dollar.) Unit product cost Foundational 2-5 (Algo) 5. What is the total manufacturing cost assigned to Job Q? (Do not round intermediate calculation Total manufacturing cost Foundational 2-6 (Algo) 6. If Job Q includes 30 units, what is its unit product cost? (Do not round intermediate calci nearest whole dollar.) Unit product cost Foundational 2-2 (Algo) 2. How much manufacturing overhead was applied to Job P and how much was applied to Job Q? calculations.) Job P Job Q Manufacturing overhead applied Foundational 2-7 (Algo) 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 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 Total price for the job Selling price per unit Foundational 2-8 (Algo) 8. What is Sweeten Company's cost of goods sold for the year? (Do not round intermediate calcula Cost of goods sold Foundational 2-9 (Algo) 9. What are the company's predetermined overhead rates in the Molding Department and the Fabrication Department? (RU answers to 2 decimal places.) Molding Department Fabrication Department Predetermined Overhead Rate por MH per MH Foundational 2-10 (Algo) 10. How much manufacturing overhead was applied from the Molding Department to Job P and how much was applied to Job Q? (DC not round Intermediate calculations.) Job P Job Manufacturing overhead applied Foundational 2-11 (Algo) 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 a Manufacturing overhead applied Foundational 2-12 (Algo) 12. If Job P includes 20 units, what is its unit product cost? (Do not round intermediate Unit product cost Foundational 2-13 (Algo) 13. If Job Q includes 30 units, what is its unit product cost? (Do not round intermed nearest whole dollar.) Unit product cost 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 Pincludes 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 Total price for the job Selling price per unit Foundational 2-15 (Algo) 15. What is Sweeten Company's cost of goods sold for the year? (Do not round int Cost of goods sold