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3 High Desert Potteryworks makes a variety of pottery products that it sells to retailers. The company uses a job-order costing system in which
3 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: Direct labor-hours Machine-hours Fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour Department Molding 32,500 88,000 Painting 56,500 31,000 $193,600 $ 2.80 $ 508,500 $ 4.80 Job 205 was started on August 1 and completed on August 10. The company's cost records show the following information concerning the job: ances Direct labor-hours Machine-hours Direct materials Direct labor cost Required: Department Molding 89 330 Painting 127 68 $ 9341 $ 700 $ 1,220 $1,000 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 2057 3-b. If the job contained 29 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 38
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