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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 $ 11,250 $ 15,750 $ 27,000 Estimated variable manufacturing overhead per machine-hour $ 1.90 $ 2.70 Job P Job Q Direct materials $ 18,000 $ 10,500 Direct labor cost $ 25,000 $ 9,500 Actual machine-hours used: Molding 2,200 1,300 Fabrication 1,100 1,400 Total 3,300 2,700 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. 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 departmental predetermined overhead rates with machine-hours as the allocation base in both departments. 1. What was the companys plantwide predetermined overhead rate? (Round your answer to 2 decimal places.)

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