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What were the company's predetermined overhead rated in the molding department and the fabrication department? Required Information The Foundational 15 [LO2-1, LO2-2, LO2-3, LO2.4) The

What were the company's predetermined overhead rated in the molding department and the fabrication department? image text in transcribed
Required Information The Foundational 15 [LO2-1, LO2-2, LO2-3, LO2.4) The following information applies to the questions displayed below] Sweeten Company nad 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) Molding Fabrication Total Estimated total machine-hours used 2,500 4,000 Estimated total fixed manufacturing overhead $10,000 $15,000 $25,000 Estimated variable manufacturing overhead per machine-hour $ 1.40 $ 2.20 1,500 Job P $13,000 $21,000 Job $8,000 $7,500 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 1,700 600 800 900 1.700 2,300 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 2-9 9. What were the company's predetermined overhead rates in the Molding Department and the Fabrication Department? (Round your answers to 2 decimal places.) Answer is complete but not entirely correct. Molding Department Fabrication Department Predetermined Overhead Rate s 4.00 per MH 5 10.00 per MH

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