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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): Estimated total sachine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per sachine-hour Molding Fabrication Total 2,500 $10,000 $15,000 $25,000 Job P Direct saterials $13,000 Direct labor cost $ 21,000 $8,000 7,500 Actual sachine-hours used: Molding 1,700 Fabrication Total 2,300 1,700 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. Foundational 2-1 (Static) 1. What were the company's predetermined overhead rates in the Molding Department and the Fabrication Department? (Round you answers to 2 decimal places.)
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