2 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: 8 01:25:08 Direct labour-hours Machine-hours Direct materials cost Direct labour cost Manufacturing overhead cost Department Moulding Painting 12,500 61,000 72,000 8,200 $ 512,000 $ 652,000 $ 125,000 $ 427,000 $ 633,600 $ 747,250 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 labour-hours Machine-hours Materials placed into production Direct labour cost Department Moulding Painting 25 100 110 30 $ 490 $ 352 $ 310 $ 700 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.) 2 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 8 01:24:38 Moulding Department Painting Department % of direct labour cost 2. Compute the total overhead cost applied to Job 205. (Do not round intermediate calculations. Enter your answer rounded to the nearest whole dollar.) Total overhead cost 2 3-a. What would be the total cost recorded for Job 205? (Do not round intermediate calculations. Enter your answers rounded to the nearest whole dollar.) 8 01:24:31 Department Moulding Painting Total Direct materials Direct labour Manufacturing overhead applied Total cost $ 0 $ 0 $ 0 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 2 8 01:24:23 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 Moulding Painting Direct labour-hours 10, 200 62,200 Machine-hours 65,200 9,200 Direct materials cost $ 432,000 $ 682,000 Direct labour cost $ 110,000 $ 438,000 Manufacturing overhead cost $ 584,960 $ 716,750 What was the amount of under- or overapplied overhead in each department at the end of the year? (Do not round intermediate calculations.) overhead Moulding Department Painting Department overhead