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

Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. It started only two jobs during Marchâ€”Job P and Job Q. Job P was completed and sold by the end of the March and Job Q was incomplete at the end of the March. The company uses a plantwide predetermined overhead rate based on direct labor-hours. 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):

Â	Â	Â
Â Estimated total fixed manufacturing overhead	$	10,000 Â
Â Estimated variable manufacturing overhead per direct labor-hour	$	1.00 Â
Â Estimated total direct labor-hours to be worked	Â	2,000 Â
Â Total actual manufacturing overhead costs incurred	$	12,500 Â

Â	Job P		Job Q
Â Direct materials	$	13,000 Â	Â $	8,000 Â Â
Â Direct labor cost	$	21,000 Â	$	7,500 Â Â
Â Actual direct labor-hours worked	Â	1,400Â	Â	500 Â Â

Â Required:

Â What is the companyâ€™s predetermined overhead rate?

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