The Foundational 15 (Static) (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 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 $25,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $170 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: Malding 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 $ 1.40 $ 2.20 The direct materials cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows: Job $ 13,000 $ 21,000 Job $ 8.000 $ 7,500 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 1,700 600 2,300 800 900 1200 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 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 2-1 (Static) 1. What is the company's plantwide predetermined overhead rate? (Round your answer to 2 decimal places.) Predetained overhead rata per MH Total Sweeten Company had no overapplled 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 2-2 (Static) 2. How much manufacturing overhead was applied to Job P and how much was applied to Job ? (Do not round intermediate calculations.) Job P Job Manufacturing overhead applied Actual machine-hours used: Molding Fabrication Total 1,700 600 2300 800 900 1.200 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 2-3 (Static) 3. What is the total manufacturing cost assigned to Job P? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) Total manufacturing con cei Holy 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 aces Foundational 2-4 (Static) 4. If Job P includes 20 units, what is its unit product cost? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) Unit product cost Required: For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rote 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 2-5 (Static) 5. What is the total manufacturing cost assigned to Job Q? (Do not round Intermediate calculations.) Total manufacturing cost me e materiais cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows: Job $ 13,000 $ 21,000 Job $ 8,000 $ 7,500 Direct materiale Direct labor cont Actual machine-hours used Molding Fabrication Total 1,700 600 2,300 800 900 1,200 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 2-6 (Static) 6. If Job includes 30 units, what is its unit product cost? (Do not round Intermediate calculations. Round your final answer to nearest whole dollar) Unit product cont 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. Job Pincludes 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 F Job Total price for the job Selling price per unit 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 2-8 (Static) 8. What is Sweeten Company's cost of goods sold for the year? (Do not round intermediate calculations.) Cost of goods sold