Question
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
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 MarchJob P and Job Q. The following additional information is available for the company as a whole and for Jobs P and Q (all data and questions relate to the month of March): Molding Fabrication Total Estimated total machine-hours used 2,500 1,500 4,000 Estimated total fixed manufacturing overhead $ 13,750 $ 17,250 $ 31,000 Estimated variable manufacturing overhead per machine-hour $ 2.90 $ 3.70 Job P Job Q Direct materials $ 28,000 $ 15,500 Direct labor cost $ 33,000 $ 13,500 Actual machine-hours used: Molding 3,200 2,300 Fabrication 2,100 2,400 Total 5,300 4,700 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. 1. What was the companys plantwide predetermined overhead rate? (Round your answer to 2 decimal places.) 1. What was the companys plantwide predetermined overhead rate? (Round your answer to 2 decimal places.)
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