Required information The Foundational 15 (LO2-1, LO2-2, LO2-3, LO2-4] [The following information applies to the...
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Required information The Foundational 15 (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 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 2,500 1,500 4,000 used Estimated total fixed $13,250 $16,950 $30,200 manufacturing overhead Estimated variable $ 3.50 $ 2.70 manufacturing overhead per machine-hour Job Q Job P Direct materials $26,000 $14 ,500 $31,400 $12,700 Direct labor cost Actual machine- hours used: Molding 2,100 2,200 3,000 Fabrication 1,900 4,300 4,900 Total 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 2-1 1. What was the company's plantwide predetermined overhead rate? (Round your answer to 2 decimal places.) per MH Predetermined overhead rate 2. How much manufacturing overhead was applied to Job P and how much was applied to Job Q? (Do not round intermediate calculations.) Job Q Job P Manufacturing overhead applied 3. What was the total manufacturing cost assigned to Job P? (Do not round intermediate calculations.) Total manufacturing cost 4. If Job P included 20 units, what was its unit product cost? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) Unit product cost
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