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 $32,600 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $3.60 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: Molding Fabrication Tota2 Estimated total machine-hours used 2,500 1,500 4,000 Estimated total fixed manufacturing overhead $ 14,750 $ 17,850 $ 32,600 Estimated variable manufacturing overhead per machine-hour $ 3.30 $ 4.10 The direct materials cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows: Job P $ 32,000 $ 36,200 Job $ 17,500 $ 15,100 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 3,600 2,500 6,100 2,700 2,800 5,500 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. 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 O 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 a Total price for the job Selling price per unit 9. What are the company's predetermined overhead rates in the Molding Department and the Fabrication Department? (Rour your answers to 2 decimal places.) Predetermined Overhead Rate Molding Department Fabrication Department per MH per MH 10. How much manufacturing overhead was applied from the Molding Department to Job P and how much was applied to Job Q? (Do not round intermediate calculations.) Job P Job Manufacturing overhead applied Foundational 2-11 (Algo) 11. How much manufacturing overhead was applied from the Fabrication Department to Job P and how much was applied to Job Q? (Do not round Intermediate calculations.) Job P Job Manufacturing overhead applied 12. If Job P includes 20 units, what is its unit product cost? (Do not round intermediate Unit product cost 13. If Job Q includes 30 units, what is its unit product cost? (Do not round intermediate calcul to nearest whole dollar.) Unit product cost
