The Foundational 15 {Static} [002-1. LO2-2. LD2-3, LUZ-4] {The foilowing information applies to the questions displayed beiow] Sweeten Company had nojobs in progress at the beginning of the year and no beginning inventories. It started. completed, and sold only twojobs during the yearJob P and Job 0. 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 $25,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $1.70 per machine-hour. Because Sweeten has two manufacturing departmentsMolding and Fabricationit 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: Molding Fabrication Total Estimated total machine-hours used 2,500 1,500 4,000 Estimated total fixed manufacturing overhead $ 10,000 $ 15,000 $ 25,000 Estimated variable manufacturing overhead per machine-hour 3 1.40 S 2.20 The direct materials cost. direct labor cost, and machine-hours used for Jobs P and D are as follows: Job P Job Q Direct materials 5 13,000 $ 3,000 Direct labor cost 5 21,000 $ 2,500 Actual machine-hours used: Holding 1,700 300 Fabrication 600 900 Total 2,330 1;?UD Sweeten Company had no overapplied or underapplied manufacturing overhead costs during the year. 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 predetermined departmental overhead rates with machine-hours as the allocation base in both departments. Foundational 2-7 (Static) 7. Assume that Sweeten Company uses cost-plus pricing (and a markup percentage of 80% of total manufacturing cost) to establish selling prices for all of its jobs. If Job P includes 20 units and Job Q includes 30 units, what selling price would the company establish for Jobs P and Q? What are the selling prices for both jobs when stated on a per unit basis? (Do not round intermediate calculations. Round your final answers to nearest whole dollar.) Job P Job Q Total price for the job Selling price per unit