1. value: 10.00 points High Desert Potteryworks makes a variety of pottery products that it sells to retailers, such as Home Depot. The company uses a job-order costing system in which predetermined overhead rates are used to apply manufacturing overhead cost to jobs. The predetermined overhead rate in the Moulding Department is based on machine-hours, and the rate in the Painting Department is based on direct labour cost. At the beginning of the year, the company's management made the following estimates: Department Direct labour-hours Machine-hours Direct materials cost Direct labour cost Manufacturing overhead cost Moulding Painting 16,250 68,500 87,0009 ,700 $527,000 $667,000 $162,500 $479,500 $896,100 $815,150 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 Direct labour-hours Machine-hours Materials placed into production Direct labour cost Moulding 35 160 $460 $280 Painting 150 25 $322 $670 Required: 1. Compute the predetermined overhead rate used during the year in the Moulding Department. Compute the rate used in the Painting Department. (Round "Cost per machine-hour" answer to 2 decimal places.) Predetermined Overhead Rate per machine-hour Moulding Department Painting Department % of direct labour cost 2. Compute the total overhead cost applied to Job 205. (Do not round intermediate calculations.) Total overhead cost 3-a. What would be the total cost recorded for Job 205? (Do not round intermediate calculations.) Department Moulding Painting Total Direct materials Direct labour Manufacturing overhead applied Total cost 3-b. If the job contained 70 units, what would be the cost per unit? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Cost per unit 4. At the end of the year, the records of High Desert Potteryworks revealed the following actual cost and operating data for all jobs worked on during the year: Department Direct labour-hours Machine-hours Direct materials cost Direct labour cost Manufacturing overhead cost Moulding 11,700 66,700 $447,000 $125,000 $699,710 Painting 63,700 10,700 $697,000 $453,000 $753,500 What was the amount of under-or overapplied overhead in each department at the end of the year? (Do not round intermediate calculations.) Moulding Department Painting Department overhead overhead