Reference no: EM132501209

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 used           2,500                           1,500                4,000

Estimated total fixed manufacturing overhead $10,000                       $15,000           $25,000

Estimated variable manufacturing overhead per machine-hour $ 1.40      $2.20

                                                                              Job P                          Job Q

Direct materials                                           $13,000                  $8,000

Direct labor cost                                             $21,000                   $7,500

Actual machine-hours used: Molding              1,700                              800

Fabrication                                                    600                               900

Total                                                2,300                                       1,700

• Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month.

Required:

Question 1: What were the company's predetermined overhead rates in the Molding Department and the Fabrication Department? (Round your answers to 2 decimal places.)

Question 2: If Job P included 20 units, what was its unit product cost?

Question 3: What was Sweeten Company's cost of goods sold for March? (Do not round intermediate calculations.)