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1 question 4 parts High Desert Potteryworks makes a variety of pottery products that it sells to retailers. The company uses a job-order costing system
1 question 4 parts
High Desert Potteryworks makes a variety of pottery products that it sells to retailers. The company uses a job-order costing system in which departmental predetermined overhead rates are used to apply manufacturing overhead cost to jobs. The predetermined overhead rate in the Molding Department is based on machine-hours, and the rate in the Painting Department is based on direct labor- hours. At the beginning of the year, the company provided the following estimates: Department Molding Painting Direct labor-hours 32,000 54,000 Machine-hours 82,000 34,000 Fixed manufacturing overhead cont $ 237,200 $540,000 Variable manufacturing overhead per machine-hour $ 2.20 Variable manufacturing overhead per direct labor-hour $ 4.20 Job 205 was started on August 1 and completed on August 10. The company's cost records show the following information concerning the job: Direct labor-hours Machine-hours Direct materials Direct labor cost Department Molding Painting 79 128 330 71 $944 $ 1.260 $710 $ 1,010 Required: 1. Compute the predetermined overhead rates used in the Molding Department and the Painting Department. 2. Compute the total overhead cost applied to Job 205 3-8. What would be the total manufacturing cost recorded for Job 205? 3-5. If the job contained 35 units, what would be the unit product cost? Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3A Required 30 Compute the predetermined Overhead Rates used in the Molding Department and the Painting Department (Round your answers to 2 decimal places.) Molding Department Painting Department Predetermined Overhead Rate per MH por DLH Required 2 > High Desert Potteryworks makes a variety of pottery products that it sells to retallers. The company uses a job-order costing system in which departmental predetermined overhead rates are used to apply manufacturing overhead cost to jobs. The predetermined overhead rate in the Molding Department is based on machine-hours, and the rate in the Painting Department is based on direct labor- hours. At the beginning of the year, the company provided the following estimates: Department Molding Painting Direct labor-hours 32,000 54,000 Machine-hours 82,000 34,000 Fixed manufacturing overhead cost $ 237,800 $540,000 Variable manufacturing overhead per machine-hour $ 2.20 Variable manufacturing overhead per direct labor-hour $ 4.20 Job 205 was started on August 1 and completed on August 10. The company's cost records show the following Information concerning the job: Department Molding Painting Direct labor-hours 79 128 Machine-hours 330 71 Direct materials $944 $1,260 Direct labor cost $ 710 $ 1.010 Required: 1. Compute the predetermined overhead rates used in the Molding Department and the Painting Department 2. Compute the total overhead cost applied to Job 205. 3-a. What would be the total manufacturing cost recorded for Job 205? 3-b. If the job contained 35 units, what would be the unit product cost? Answer is not complete Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required JA Required 38 Compute the total overhead cost applied to Job 205. (Round "Predetermined overhead rate" to 2 decimal places. Round other Intermediate calculations and final answers to the nearest dollar amount.) Total overhead cost High Desert Potteryworks makes a variety of pottery products that it sells to retailers. The company uses a job-order costing system in which departmental predetermined overhead rates are used to apply manufacturing overhead cost to jobs. The predetermined overhead rate in the Molding Department is based on machine-hours, and the rate in the Painting Department is based on direct labor- hours. At the beginning of the year, the company provided the following estimates: Department Molding Painting Direct labor-hours 32,000 54,000 Machine-hours 82,000 34,000 Fixed manufacturing overhead cost $ 237,800 $ 540,000 Variable manufacturing overhead per machine-hour $ 2.20 Variable manufacturing overhead per direct labor-hour $.4.20 Job 205 was started on August 1 and completed on August 10. The company's cost records show the following Information concerning the job: Direct labor-hours Machine-hours Direct baterials Direct labor cost Department Molding Painting 79 128 330 71 $ 944 $ 1,260 $ 710 $ 1,010 Required: 1. Compute the predetermined overhead rates used in the Molding Department and the Painting Department 2. Compute the total overhead cost applied to Job 205. 3-5. What would be the total manufacturing cost recorded for Job 205? 3-b. If the job contained 35 units, what would be the unit product cost? Answer is not complete Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3A Required 38 What would be the total manufacturing cost recorded for Job 2057 (Round "Predetermined overhead rate" to 2 decimal places Round other intermediate calculations and final answers to the nearest dollar amount.) Molding Department Painting Department Total $ 0 Direct materials Direct labor Manufacturing overhead Total cost 0 0 0 0 $ 0 $ High Desert Potteryworks makes a variety of pottery products that it sells to retailers. The company uses a Job-order costing system in which departmental predetermined overhead rates are used to apply manufacturing overhead cost to jobs. The predetermined overhead rate in the Molding Department is based on machine-hours, and the rate in the Painting Department is based on direct labor- hours. At the beginning of the year, the company provided the following estimates: Department Molding Painting Direct labor-hours 32,000 54,000 Machine-hours 82,000 34,000 Tixed manufacturing overhead cost $ 237,800 $ 540,000 Variable manufacturing overhead per machine-hour $ 2.20 Variable manufacturing overhead per direct labor-hour $ 4.20 Job 205 was started on August 1 and completed on August 10. The company's cost records show the following Information concerning the job Department Molding Painting Direct labor-hours 79 128 Machine-hours 330 71 Direct materials $944 $ 1.260 Direct Labor coat $ 710 $ 1,010 Required: 1. Compute the predetermined overhead rates used in the Molding Department and the Painting Department 2. Compute the total overhead cost applied to Job 205. 3-a. What would be the total manufacturing cost recorded for Job 205? 3-b. If the job contained 35 units, what would be the unit product cost? Answer is not complete Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3A Required 38 If the job contained 35 units, what would be the unit product cost? (Round "Predetermined overhead rate to 2 decimal places. Round other intermediate calculations to the nearest dollar amount. Round your final answer to 2 decimal places.) Unit product cost per unit Step by Step Solution
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