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9 High Desert Potteryworks makes a variety of pottery products that it sells to retailers. The company uses a job- order costing system in which
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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: Department Molding Painting Direct labor-hours 12,000 60,000 Machine-hours 70,000 Fixed manufacturing overhead cost 8,000 $ 497,000 $ 615,000 Variable manufacturing overhead per machine-hour $ 1.50 Variable manufacturing overhead per direct labor-hour $ 2.00 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 Molding Painting Direct labor-hours 38 Machine-hours 110 20 Direct materials $ 778 $1,332 Direct labor cost $ 525 $1,470 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 50 units, what would be the unit product cost? 84 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3A Required 38 Compute the predetermined overhead rates used in the Molding Department and the Painting Department. (Round your answers to 2 decimal places.) 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 answers to 2 decimal places.) Predetermined Overhead Rate Molding Department Painting Department per MH per DLH Rould quired 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 your intermediate calculations to 2 decima Total overhead cost Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3A Required 3B What would be the total manufacturing cost recorded for Job 205? (Round your intermediate calculations to 2 Molding Department Painting Department Total Direct materials Direct labor Manufacturing overhead Total cost Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3A Required 38 If the job contained 50 units, what would be the unit product cost? (Round your intermediate calculations and final answi 2 decimal places.) Unit product cost per unit Step by Step Solution
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