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$$Job P and Job Q$.$ The company uses a plantwide predetermined overhead rate based on machine$-$hours. At the beginning of the year, it estimated that $4,000$ machine$-$hours would be required for the period. What are the company$$s predetermined overhead rates in the Molding Department and the Fabrication Department?

Note: Round your answers to $2$ decimal places.od$$s estimated level of production. Sweeten also estimated $$28,200$ of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $$2\mathrm{.}50$ 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 Total

Estimated total machine$-$hours used $2,5001,5004,000$

Estimated total fixed manufacturing overhead $ $12,000$ $ $16,200$ $ $28,200$

Estimated variable manufacturing overhead per machine$-$hour $ $2\mathrm{.}20$ $ $3\mathrm{.}00$

The direct materials cost, direct labor cost, and machine$-$hours used for Jobs P and Q are as follows:

Job P Job Q

Direct materials $ $21,000$ $ $12,000$

Direct labor cost $ $27,400$ $ $10,700$

Actual machine$-$hours used:

Molding $2,5001,600$

Fabrication $1,4001,700$

Total $3,9003,300$

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.

$1.$ What is the company$$s plantwide predetermined overhead rate?

Note: Round your answer to $2$ decimal places. $2.$ How much manufacturing overhead was applied to Job P and how much was applied to Job Q$?$

Note: Do not round intermediate calculations. $3.$ What is the total manufacturing cost assigned to Job P$?$

Note: Do not round intermediate calculations. Round your final answer to nearest whole dollar. $4.$ If Job P includes $20$ units, what is its unit product cost?

Note: Do not round intermediate calculations. Round your final answer to nearest whole dollar. $5.$ What is the total manufacturing cost assigned to Job Q$?$

Note: Do not round intermediate calculations. $6.$ If Job Q includes $30$ units, what is its unit product cost?

Note: Do not round intermediate calculations. Round your final answer to nearest whole dollar. $7.$ 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?

Note: Do not round intermediate calculations. Round your final answers to nearest whole dollar. $8.$ What is Sweeten Company$$s cost of goods sold for the year?

Note: Do not round intermediate calculations. $9.$ What are the company$$s predetermined overhead rates in the Molding Department and the Fabrication Department?

Note: Round your answers to $2$ decimal places. $10.$ How much manufacturing overhead was applied from the Molding Department to Job P and how much was applied to Job Q$?$

Note: Do not round intermediate calculations. $11.$ How much manufacturing overhead was applied from the Fabrication Department to Job P and how much was applied to Job Q$?$

Note: Do not round intermediate calculations. $12.$ If Job P includes $20$ units, what is its unit product cost?

Note: Do not round intermediate calculations. $13.$ If Job Q includes $30$ units, what is its unit product cost?

Note: Do not round intermediate calculations. Round your final answer to nearest whole dollar. $14.$ 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?

Note: Do not round intermediate calculations. Round your final answers to nearest whole dollar. $15.$ What is Sweeten Company$$s cost of goods sold for the year?

Note: Do not round intermediate calculations.