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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.
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 March- Job 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): Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine- hour Molding 2,500 $ 10,000 $1.40 Direct materials Direct labor cost Job P $13,000 $ 21,000 Job Q $ 8,000 $ 7,500 Actual machine-hours used: Holding Fabrication Total 1,700 600 2,300 800 900 1,700 Fabulication 1,500 $ 15,000 Total 4,000 $ 25,000 $2.20 1. What were the company's predetermined overhead rates in the Molding Department and the Fabrication Department? (Round your answers to 2 decimal places.) Predetermined Overhead Rate) Molding Department Fabrication Department per MH. per MH
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