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[The following information applies to the questions displayed below.] Sweeten Company had no jobs in progress at the beginning of March and no beginning
[The following information applies to the questions displayed below.] 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): Estinated total nachine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Molding 4,200 $ 16,800 $ 1.40 Fabrication. 2,520 $ 25,200 $ 2.20 Total 6,720 $ 42,000 Job Pl Direct materials $ 21,840 Direct labor cost $ 35,280 Job Q $13,440 $ 12,600 Actual machine-hours used: Molding 2,890 1,340 Fabrication 1,010 1,480 Total 3,900 2,820 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1 to 9, assume that Sweeten Company uses departmental predetermined overhead rates with machine- hours as the allocation base in both departments and Job P included 20 units and Job Q included 30 units. For questions 10 to 15, assume that the company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. 1. What were the company's predetermined overhead rates in the Molding Department and the Fabrication Department? (Round your answers to 2 decimal places.) Check
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