The Foundational $15($Algo$)[$LO$2-1,$ LO$2-2,$ LO$2-3,$ LO$2-4]$

$[$The following information applies to the questions displayed below.$]$

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 $$26,200$ of fixed manufacturing overhead cost for the coming eriod and variable manufacturing overhead of $$2\mathrm{.}00$ per machine$-$tour.

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:

Estimated total machine$-$hours used

Estimated total fixed manufacturing overhead

Estimated variable manufacturing overhead per machine$-$hour

Molding $F$

$2,500$

$$10,750$

$$1\mathrm{.}70$

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

$\backslash$table$[[,$Job $P,$Job $Q$

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 $$26,200$ of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $$2\mathrm{.}00$ 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:

$\backslash$table$[[$Estimated total machine$-$hours used,Molding,Fabrication,Total$],[$Estimated total fixed manufacturing overhead,$2,500,1,500,4,000],[$Estimated variable manufacturing overhead per machine$-$hour,$$10,750,$$$15,450,$$$26,200$