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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 fall data and questions relate to the month of March): Molding Fabrication Total Estinated total machine-hours used 2,500 1,500 4.000 Estimated total fixed manufacturing overhead $12.500 $16,500 $29.000 Estimated variable manufacturing over bead per eachine-hour 5 2.40 $ 3.20 Job P $23,000 $29.000 Job $13,000 $11,500 Direct materials Direct labor cost Actual machine hours used: Molding Fabrication Total 2.780 1.600 4.300 1.800 1,000 3,700 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 2-7 7. Assume that Sweeten Company used cost-plus pricing (and a markup percentage of 80% of total manufacturing cost) to establish selling prices for all of its jobs. What selling price would the company have established for Jobs P and Q? What are the selling prices for both jobs when stated on a per unit basis assuming 20 units were produced for Job Pand 30 units were produced for Job Q? (Do not round intermediate calculations. Round your final answers to nearest whole dollar) Answer is complete but not entirely correct. Job P Job Total price for the 4,739 2,044 job Selling price per S 8.530 5 4,035 unt Part of 5 Jobp $23,000 $29,00 3000 $13,000 $11,500 Direct materials Direct labor cost Actual sachine-hours used Molding Fabrication Total 2.700 1. coe 4.00 1.500 1,900 3.700 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month Pret Required: For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rate with machine hours as the location 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 2-8 8. What was Sweeten Company's cost of goods sold for March? (Do not round Intermediate calculations.) COTO 0000 sold

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