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15 Part question: (11 questions)

1. Find the Predetermined overhead rate

2. How much manufacutiing overhead was aplied to Job P and Job Q?

3. What if thr total manufacturing cost assigned to Job P?

4. If Job P included 20 Units, what is its unit product cost?

5. What is the total manufacturing cost assigned to job Q?

6. If Job Q included 30 Units, what is its 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 job P and Q? what are the selling prices for both jobs when stated on a per unit basis?

8. What is Sweeten Company's cost of goods sold for the year?

9. What are the company's predetermined overhead rates in the Molding department and the Fabrication Department? (per MH)

10. How much manufacturing overhead was applied from the Molding Department to Job P and how much was applied to Job Q?

11. How much manufacturing overhead was applied from the Fabrication department to Job P and how much was applied to Job Q?

1 Part 1 of 15 1 point Required information [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 6. The company uses a plontwide 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 $25,400 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $180 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: Molding Fabrication Total Estimated total machine-hours used 2,500 1,500 Estimated total fixed manufacturing overhead 4,000 $10,250 $ 15,150 $ 25,400 Estimated variable manufacturing overhead per machine-hour $ 1.50 $ 2.30 The direct materials cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows: Job P Job O Direct materials $ 14,000 $ 8,500 Direct labor cost $ 21,800 $ 7,900 Actual machine-hours used: Molding 1,800 Fabrication 700 1,000 Total 2,500 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. 900 1,900