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Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories

Accounting

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 4,089 Estimated total fixed manufacturing overhead $11,000 $15,600 $26,600 Estimated variable manufacturing overhead per machine-hour $ 1.89 $ 2.60 Job P $17,800 $24,200 Job $10,000 $9,100 Direct materials Direct labor cost Actual machine hours used: Molding Fabrication Total 2,100 1,000 3, 100 1,200 1,300 2,580 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 1. What was the company's plantwide predetermined overhead rate? (Round your answer to 2 decimal places.) Predetermined overhead rate per MH

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