Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. It started only two jobs during MarchJob P and Job Q. Job P was completed and sold by the end of the March and Job Q was incomplete at the end of the March. The company uses a plantwide predetermined overhead rate based on direct labor-hours. 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 fixed manufacturing overhead	$	14,000
Estimated variable manufacturing overhead per direct labor-hour	$	1.80
Estimated total direct labor-hours to be worked		2,800
Total actual manufacturing overhead costs incurred	$	17,200

	Job P		Job Q
Direct materials	$	17,700	$	8,800
Direct labor cost	$	36,100	$	8,550
Actual direct labor-hours worked		1,900		450

Required:

1.	What is the companys predetermined overhead rate? (Round your answers to 2 decimal places.)

5. Assume the ending raw materials inventory is $1,800 and the company does not use any indirect materials. Prepare the journal entries to record raw materials purchases and the issuance of direct materials for use in production. 6. Assume that the company does not use any indirect labor. Prepare the journal entry to record the direct labor costs added to production. 7. Prepare the journal entry to apply manufacturing overhead costs to production. 8. Assume the ending raw materials inventory is $1,800 and the company does not use any indirect materials. Prepare a schedule of cost of goods manufactured. 9. Prepare the journal entry to transfer costs from Work in Process to Finished Goods. 10. Prepare a completed Work in Process T-account including the beginning and ending balances and all debits and credits posted to the account. 11. Prepare a schedule of cost of goods sold. 12. Prepare the journal entry to transfer costs from Finished Goods to Cost of Goods Sold 13.What is the amount of underapplied or overapplied overhead? 14. Prepare the journal entry to close the amount of underapplied or overapplied overhead to Cost of Goods Sold 15. Assume that Job P includes 30 units that each sell for $3,000 and that the companys selling and administrative expenses in March were $13,000. Prepare an absorption costing income statement for March.