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 overhead 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 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: Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Molding 2,500 Fabrication Total $ 10,000 $1.40 1,500 $ 15,000 $ 2.20 4,000 $25,000 The direct materials cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows: Direct materials. Direct labor cost Job P $13,000 $ 21,000 Job Q $8,000 $ 7,500 800 900 1,700 Actual machine-hours used: Molding Fabrication Total 1,700 600 2,300 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 Foundational 2-7 (Static) 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? (Do not round intermediate calculations. Round your final answers to nearest whole dollar.) Job P Job O Total price for the job Selling price per unt