Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2-19 (Algo) Multiple Predetermined Overhead Rates; Applying Overhea High Desert Potteryworks makes a variety of pottery products that it sells to retailers. The company uses

2-19 (Algo) Multiple Predetermined Overhead Rates; Applying Overhea High Desert Potteryworks makes a variety of pottery products that it sells to retailers. The company uses which departmental predetermined overhead rates are used to apply manufacturing overhead cost to jo overhead rate in the Molding Department is based on machine-hours, and the rate in the Painting Depar hours. At the beginning of the year, the company provided the following estimates: Direct labor-hours Machine-hours Fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Department Molding 32,000 86,000 Painting 56,000 37,000 $ 215,000 $ 2.80 $ 487,200 Variable manufacturing overhead per direct labor-hour $4.80 Job 205 was started on August 1 and completed on August 10. The company's cost records show the foll the job: Direct labor-hours Machine-hours Direct materials Direct labor cost Required: Department Molding Painting 88 350 128 67 $ 930 $ 1,220 $ 680 $ 990 1. Compute the predetermined overhead rates used in the Molding Department and the Painting Departm 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 32 units, what would be the unit product cost? Complete this question by ente 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 32 units, what would be the unit product cost? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3A Required 3B Compute the Predetermined Overhead Rates used in the Molding Department and the Painting Department. (Round your answers to 2 decimal places.) Predetermined Overhead Rate Molding Department Painting Department per MH per DLH Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3A Required 3B 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 < Required 1 Required 3A > Required 1 Required 2 Required 3A Required 3B What would be the total manufacturing cost recorded for Job 205? (Round "Predetermined overhead rate" to 2 decimal places. Round other intermediate calculations and final answers to the nearest dollar amount.) Direct materials Direct labor Manufacturing overhead Total cost Molding Department Painting Department Total $ 0 0 0 69 $ 0 $ 0 $ 0 < Required 2 Required 3B > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3A Required 3B If the job contained 32 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 < Required 3A Required 3B>

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

=+ Who do you think is right? Why?

Answered: 1 week ago