Required information The Foundational 15 (Static) [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 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 $25,000 of fixed manufacturing overhea cost for the coming period and variable manufacturing overhead of $1.70 per machine-hour. Because Sweeten has two manufacturing departments-Molding and Fabrication-it is considering replacing its plantwid 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 2,500 Fabrication Total 1,500 4,000 $ 10,000 $ 1.40 $ 15,000 $ 2.20 $ 25,000 The direct materials cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows: Direct materials Job P $13,000 Direct labor cost $ 21,000 Job Q $ 8,000 $ 7,500 Actual machine-hours used: Molding Fabrication 1,700 600 800 Total 2,300 900 1,700 Sweeten Company had no overapplied or underapplied manufacturing overhead costs during the year.