overhead rate based on machine-hours. At the beginning of the year, it estimated that 4,000...

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overhead rate based on machine-hours. At the beginning of the year, it estimated that 4,000 machine-hours would be The company uses a plantwide predetermined required for the period's estimated level of production. Sweeten also estimated $30,600 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $3.10 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: Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Molding 2,500 $ 13,500 $ 2.80 Fabrication 1,500 $ 17,100 $ 3.60 Total 4,000 $ 30,600 The direct materials cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows: Direct materials Job P $ 27,000 $ 32,200 Job Q $ 15,000 $ 13,100 3,100 2,200 2,000 5,100 2,300 4,500 Direct labor cost Actual machine-hours used: Fabrication Molding Total 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. 5. What is the total manufacturing cost assigned to Job Q? (Do not round intermediate cal Total manufacturing cost 6. If Job Q includes 30 units, what is its unit product cost? (Do not round intermediate calculations nearest whole dollar.) Unit product cost 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.) Total price for the job Selling price per unit Job P Job Q 8. What is Sweeten Company's cost of goods sold for the year? (Do not round intermediate calculations.) Cost of goods sold 9. What are the company's predetermined overhead rates in the Molding Department and the Fabrication Department? (Round you answers to 2 decimal places.) Molding Department Fabrication Department Predetermined Overhead Rate per MH per MH 10. How much manufacturing overhead was applied from the Molding Department to Job P and how much was applied to Job Q? (DC not round intermediate calculations.) Manufacturing overhead applied Job P Job Q 11. How much manufacturing overhead was applied from the Fabrication Department to Job P and how much was applied to Job Q? (Do not round intermediate calculations.) Manufacturing overhead applied Job P Job Q 12. If Job P includes 20 units, what is its unit product cost? (Do not round intermediate calc Unit product cost References Foundational 2-13 (Algo) 13. If Job Q includes 30 units, what is its unit product cost? (Do not round intermediate calculatio nearest whole dollar.) Unit product cost 14. 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.) Total price for the job Selling price per unit Job P Job Q 15. What is Sweeten Company's cost of goods sold for the year? (Do not round intermediate calculations.) Cost of goods sold

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