4 value: 4.00 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 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's management made the following estimates Department Painting 58,000 35,000 $188,000 $198,000 $271,000 $514,000 $184,800 $527,800 Molding Direct labor-hours Machine-hours Direct materials cost Direct labor cost Fixed manufacturing overhead cost Variable Variable manufacturing overhead per direct labor- 37,500 88,000 manufacturing overhead per machine-hour $2.80 $4.80 hour 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 Painting 131 72 $1,100 $990 Molding Direct labor-hours Machine-hours Materials placed into production Direct labor cost 320 $936 $710