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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
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): Total Molding 4,500 Fabrication 2,700 Estimated total machine-hours used 7,200 Estimated total fixed manufacturing overhead $ 18,000 $ 45,000 Estimated variable manufacturing overhead per machine- hour $ 27,000 $ 2.20 $ 1.40 Job P Job Q Direct materials $ 23,400 $ 14,400 Direct labor cost $ 37,800 $ 13,500 Actual machine-hours used: Molding 3,020 1,440 Fabrication 1,080 1,660 Total 4,100 3,100 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. 10. What was the company's plantwide predetermined overhead rate? (Round your answer to 2 decimal places.) Predetermined overhead rate per MH
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