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 $27,400 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $2.30 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: The direct materials cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows: Sweeten Company had no overapplied or underapplled manufacturing overhead costs during the year. 1. What is the company's plantwide predetermined overhead rate? (Round your answer to 2. How much manufacturing overhead was applied to Job P and how much was applied to Job Q ? (Do not rounc calculations.) 3. What is the total manufacturing cost assigned to Job P? (Do not ro nearest whole dollar.) 4. If Job P includes 20 units, what is its unit product cost? (Do not rou nearest whole dollar.) 5. What is the total manufacturing cost assigned to Job Q? (Do 6. If Job Q includes 30 units, what is its unit product cost? (Do not nearest whole dollar.) 7. Assume that Sweeten Company uses cost-plus pricing (and a markup percentage of 80 s 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 pace 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.) 8. What is Sweeten Company's cost of goods sold for the year? (Do not round intermed 9. What are the company's predetermined overhead rates in the Molding Department and the Fabrication Department? (Round your answers to 2 decimal places.) 10. How much manufacturing overhead was applied from the Molding Deportment to Job P and how much was applied to Job Q? (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 O? (Do not round intermediate calculations.) 12. If Job P includes 20 units, what is its unit product cost? (Do not round intermediate calculati 13. If Job Q includes 30 units, what is its unit product cost? (Do not round intermediate calculatic 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 seling price would the company establish for Jobs P and Q? What are the selling prices for both jobs when stated on a per unit basig? (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? (Do not round intermediate c)
