The Foundational 15 [LO2-1, LO2-2, LO2-3, LO2-4]

[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 MarchJob 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):

	Molding			Fabrication			Total
Estimated total machine-hours used		2,500			1,500			4,000
Estimated total fixed manufacturing overhead	$	12,250		$	16,350		$	28,600
Estimated variable manufacturing overhead per machine-hour	$	2.30		$	3.10

	Job P			Job Q
Direct materials	$	22,000		$	12,500
Direct labor cost	$	28,200		$	11,100
Actual machine-hours used:
Molding		2,600			1,700
Fabrication		1,500			1,800
Total		4,100			3,500

Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month.

Required:

For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. For questions 9-15, assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments.

Foundational 2-1

1. What was the companys plantwide predetermined overhead rate? (Round your answer to 2 decimal places.)