Question

Part 1 of 3 0.75 points Required information [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 Pando (all data and questions relate to the month of March): Molding Fabrication Total Estimated total machine-hours used 2,500 1,500 4,000 Estimated total fixed manufacturing overhead 513,750 $17,250 531,000 Estimated variable manufacturing overhead per machine-hour $ 2.90 $ 3.70 Job P $28.000 $33,000 Job $15,500 $13,500 Direct materials Direct labor cost Actual machine-hours used Molding Fabrication Total 3,20 2,100 5.100 2,300 2.400 4.700 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month, Required: For questions 1-9, assume that Sweeten Company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments and Job Pincluded 20 units and Job included 30 units. For questions 10-15 assume that the company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. 1. 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. Predetermined Overhead Rate Molding Department 6.50 per MH Fabrication Department 1250 per MH

Answer 1

Required 1 :
	Molding Department	Fabrication department
Estimated total fixed manufacturing overhead	13750	17250
(/) Estimated total machine hours used	2500	1500
	5.50	11.50
(+) Estimated variable manufacturing overhead per machine hour	2.90	3.70
Predetermined overhead rate	8.40	15.20

Required 2 :
	Job P	Job Q
Manufacturing overhead applied [ Molding department machine hours used * Molding department predetermined overhead rate ]	26880	19320