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[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 Q. The company uses a plantwide 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 $33,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $370 per machine-hour Because Sweeten has two manufacturing departments-Molding and Fabricationit 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 4,000 Estimated total fixed manufacturing overhead $ 15,000 $ 18,000 $ 33,000 Estimated variable manufacturing overhead per machine hour $ 3.40 $.4.20 The direct materials cost, direct labor cost, and machine hours used for Jobs P and Q are as follows 2,600 Job P Job Direct materials $ 33,000 $ 18,000 Direct labor cost $ 37,000 $ 15,500 Actual machine-hours used: Molding 3,700 2,800 Fabrication 2,900 Total 6,300 5,700 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. 9. What are the company's predetermined overhead rates in the Molding Department and the Fabrication Department? (Round your answers to 2 decimal places.) Predetermined Overhead Rate Molding Department per MH 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 Q. The company uses a plantwide 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 $33,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $370 per machine hout 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 Holding Fabrication Total Estimated total machine hours used 2,500 1,500 4,000 Estimated total fixed manufacturing overhead $ 15,000 $ 18,000 $ 33,000 Estimated variable manufacturing overhead per machine-hour $ 3.40 $ 4.20 The direct materials cost, direct labor cost, and machine hours used for Jobs P and Q are as follows: Job P $ 33,000 $ 37.000 Job O $ 18,000 $ 15,500 Direct materials Direct labor cost Actual machine hours used: Molding Fabrication Total 3,700 2.600 6,300 2,000 2,900 5,700 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. 10. How much manufacturing overhead was applied from the Molding Department to Job P and how much was applied to Job Q? (Do not round intermediate calculations.) Job P Job O Manufacturing overhead applied IMHE THUHTY HURTOUUNI OPICS Wie wucLUIS VISpacu werow 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 Q. The company uses a plantwide 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 $33,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $3.70 per machine-hour Because Sweeten has two manufacturing departments --Molding and Fabricationit 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 4,000 Estimated total fixed manufacturing overhead $ 15,000 $ 18,000 $ 33,000 Estimated variable manufacturing overhead per machine-hour $ 3.40 $.4.20 The direct materials cost, direct labor cost, and machine hours used for Jobs P and Q are as follows: Job P $ 33,000 $ 37,000 Job o $ 18,000 $ 15,500 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 3,700 2,600 6,300 2,800 2,900 5,700 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 11. How much manufacturing overhead was applied from the Fabrication Department to Job and how much was applied o Job Q? (Do not round intermediate calculations.) Job P Job Manufacturing overhead applied 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 Q. The company uses a plantwide 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 $33,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $370 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 4,600 Estimated total fixed manufacturing overhead $ 15,000 $ 33,000 Estimated variable manufacturing overhead per machine-hour $ 3.40 $ 4.20 The direct materials cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows: $ 18,000 Job P $ 33,000 $ 37,000 Job $ 18,000 $ 15,500 Direct materials Direct labor cost Actual nachine-hours used: Molding Fabrication Total 3,700 2,600 6,300 2,800 2,900 5,700 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. 12. It Job Pincludes 20 units, what is its unit product cost? (Do not round intermediate calculations.) R. Unit product cost 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 Q. The company uses a plantwide 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 $33,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $370 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 4,000 Estimated total fixed manufacturing overhead $ 15,000 $ 18,000 $ 33,000 Estimated variable manufacturing overhead per machine hour $ 3.40 $ 4.20 The direct materials cost direct labor cost and machine-hours used for Jobs P and Q are as follows Job P $ 3.000 $ 37,000 Job o $ 18,000 $ 15,500 Direct materials Direct labor cost Actual machine-hours used: Holding Fabrication Total 3,700 2.600 6.300 2,800 2,900 5,700 k 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. 13. 14 Job Q includes 30 units, what is its unit product cost? (Do not round intermediate calculations. Round your final answer to nearest whole dollar) Unit product cost 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 Q The company uses a plantwide 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 $33,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $370 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 Holding 2,500 $ 15,000 $ 3.40 Estimated total machine hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Fabrication 1,500 $ 18,000 $.4.20 Total 4,000 $ 33,000 The direct materials cost, direct labor cost and machine-hours used for Jobs P and Q are as follows: Job P $ 33,000 5. 37.000 Job O $18,000 $ 15,500 Direct materials Direct labor cost Actual machine-hours used: Holding Fabrication Total 3.700 2.600 6,300 2,800 2,900 5,700 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 14 Assume that Sweeten Company uses cost plus prcing (and a markup percentage of 80% of total manufacturing cost) to etablish selling prices for all of its jobs. If Job Pincludes 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 dollor.) Job P Job Total price for the job Selling price per unit 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 Q. The company uses a plantwide 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 $33,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $370 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 4,000 Estimated total fixed manufacturing overhead $ 15,000 $ 18,000 $ 33,000 Estimated variable manufacturing ovechead per machine hour $ 3.40 5.4.20 The direct materials cost, direct labor cost and machine hours used for Jobs P and are as follows Job P $ 33,000 $ 37, Job $ 18,000 15,500 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 3,700 2.600 6,300 2,800 2.900 5,700 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 here 15. What is Sweeten Company's cost of goods sold for the year? (Do not round intermediate calculations.) Cost of goods sold Mickley Company's plantwide predetermined overhead rate is $18.00 per direct labor-hour and its direct labor wage rate is $10.00 per hour The following information pertains to Job A-500 Direct materials Direct labor $ 220 $ 150 52 Required: 1. What is the total manufacturing cost assigned to Job A-500? 2. If Job A-500 consists of 90 units, what is the unit product cost for this job? (Round your answer to 2 decimal places.) 1. Total manufacturing cost 2 Unit product cost per unit Inces